France


Paris’ Le Meridien Etoile may be up for sale

April 21, 2016 Redazione

​Paris’ largest hotel, Le Meridien Etoile, may be put on the market in the near future. The 1,025 room hotel, only a 15 minute walk from the Arc de Triomphe, is pending being put on the market by Mount Kellett Capital Management LP. In 2014 Starwood sold the property for €300 million, but maintains its management contract. The city-center hotel is currently valued at €400 million ($450 million).

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