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Blackstone acquires two Paris luxury boutiques for $215m
Transactions - JUNE 13, 2024

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Blackstone acquires two Paris luxury boutiques for $215m

by Andrea Zander

Mandarin Oriental International has signed an option to sell its interests in two retail units adjoining the Mandarin Oriental, Paris, to Lavender Propco SNC, an entity controlled by Blackstone Europe, for €148 million ($215 million), according to media outlets.

The Mandarin Oriental, Paris, located at 251 rue Saint-Honoré, is a leading luxury hotel in the French capital.

Mandarin Oriental Hotel Group International Ltd. is a multinational hospitality and management group focusing on luxury hotels, resorts and residences.

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