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Sign in Sign up for a FREE subscriptionHenderson Park completes acquisition of Westin Paris-Vendôme Hotel for €550m
Henderson Park has completed the €550 million ($637 million) purchase of one of Paris’ largest and most historic hotels, the Westin Paris-Vendôme, from GIC, Singapore’s sovereign wealth fund, which was reported in the IREN in December 2017.
As part of the transaction, Henderson Park has secured a senior financing package from CACIB.
Henderson Park has also confirmed with Marriott International that the hotel will continue to operate under the Westin brand.
The 428-room Westin Paris-Vendôme occupies a large island site across a full-city square block in Paris’ First Arrondissement.
The hotel is located less than 250 meters (820 feet) from the famous Place Vendôme and Rue du Faubourg Saint-Honoré and overlooks Parisian landmarks including the Louvre Museum, Tuileries Garden and River Seine. With 13 prime retail units at street level fronting Rue de Rivoli and Rue de Castiglione,
