“The acquisition of this asset additional strengthens Dubai Holding’s intensive portfolio of world-class belongings in key gateway places,” it mentioned in a press release on Monday. “As well as, it helps the Group’s long-term technique of worldwide growth that’s targeted on boosting its presence in strategic locations the world over, together with North America, the Center East, Europe and Asia.”
The property occupies an space of over 32,000 sq. metres and homes greater than 400 rooms and suites. The Westin Paris – Vendome will proceed to function in partnership with the Marriott Worldwide group, below The Westin model and with the assist of Sophos Lodge. Dubai Holding will quickly start to think about future plans for the property after the Paris Olympics in 2024.