Dubai Holding has acquired full ownership of The Westin Paris – Vendome after purchasing Henderson Park’s stake in the 400-room hotel.
The 32,000 sqm hotel – built in 1878 - was acquired by Henderson Park and Dubai Holding in a joint venture in 2018.
The Westin Paris - Vendome will continue to operate in partnership with the Marriott International group, under The Westin brand.
Global investment company Dubai Holding says it will begin considering future plans for the property after the Paris Olympics in 2024.
What they said
Christophe Kuhbier, managing director at Henderson Park said: “The Westin Paris-Vendome is an irreplaceable property in a landmark location in one of the world’s best hotel cities and, no matter the market conditions, constitutes an attractive investment proposition to investors seeking unique assets.
“We successfully steered the hotel through difficult macroeconomic times and ultimately achieved a positive return for our investors by selling our interest to our joint-venture partner.”