paris hotel

Hotel de Crillon Reported Sold To Saudi Investors

One of the world's most famous hotels (and a former Luxist Awards nominee for Best City Hotel), Hotel de Crillon in Paris, will soon have new owners. Starwood Capital is selling the hotel to Saudi investors with ties to the royal family for a sum said to be around 250 million euros ($353.6 million). That number is quite a bit less than the 420 million euro sum that it was reportedly listed at last year.

French newspaper Le Figaro reported that the buyer may have to spend an additional 100 million euros in renovations. The management of the hotel is expected to go to luxury hotel chain Kempinski, which currently doesn't have a French hotel in its stable. The classical edifice was built in 1758 as a government building commissioned by Louis XV and was converted into a hotel over 100 years ago. Starwood took over the Crillon in 2005.

Tags: awards-main, Hotel de Crillon, kempinski, luxist-awards, paris hotel, Starwood Capital Group

Did A Hotel Strike Keep Tom Away?

by Deidre Woollard (RSS feed) —

Filed under: Luxury Travel & Hotels, Celebrity Shopping

Did a hotel strike change Tom Cruise's plans? Breaking Travel News reports that 60 employees at the Ritz Hotel in Paris went on strike Tuesday. Cruise was scheduled to appear there to promote "Mission Impossible 3" on Wednesday. But Reuters reports that the actor ditched the press cued up outside and spent the day exploring Paris with his two older children. Katie Holmes is at home with their newborn, Suri. Cruise has been hard to track this week, first saying he would cut short his tour but then extending it.

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Tags: mission impossible, paris hotel, ritz paris, tom cruise, TomCruise