City Developments Limited (CDL), through its wholly owned subsidiary, Copthorne Hotel Holdings Limited, has completed the acquisition of the Hilton Paris Opéra hotel from funds managed by Blackstone for €240 million ($259 million).
The 268-room, five-story freehold deluxe hotel is located in the prestigious eighth arrondissement of Paris and enjoys almost 100 meters (328 feet) of direct street frontage on Rue Saint-Lazare. Strategically located in the heart of the shopping area in Paris’ CBD, adjacent to the Saint-Lazare train station and a short walk from the Galeries Lafayette and Printemps department stores, the hotel offers easy access to the main Parisian tourist attractions and convention centers.
Designed by French architect Juste Lisch, the historic hotel features a Haussmanian facade and was the first hotel in the world to have guest lifts when it opened during the 1889 World’s Fair in Paris. The 18,339-square-meter (197,399-square-foot) property compri
