Dubai Holding acquires full ownership of The Westin Paris – Vendôme

ownership of The Westin Paris

The property occupies an area of over 32,000 square meters and houses more than 400 rooms and suites

Dubai Holding  acquired full ownership of The Westin Paris – Vendome after acquiring Henderson Park’s interest in the property. 

 Henderson Park, a private real estate fund manager, the hotel, with its prime location, is one of the most desirable real estate investments in Paris, France. Henderson Park and Dubai Holding  acquired  Westin Paris – Vendome in a joint venture  in 2018. 

 Dubai Holding, a diversified global investment firm with offices in 13 countries, announced Monday  that it has acquired full ownership of the iconic Westin Paris – Vendome after acquiring Henderson Park’s interest in the property. 

 The acquisition of these core assets further strengthens Dubai Holding’s extensive portfolio of prime assets in key gateway locations.

 It also supports the group’s long-term strategy of global expansion, which focuses on strengthening its presence in strategic destinations around the world, including North America, the Middle East, Europe and Asia. 

 The diversified global investment company Dubai Holding operates in 13 countries and employs more than 20,000 people. It operates a portfolio of over Dhs130 billion in assets that support the diversification and sustained growth of the emirate’s economy across ten key sectors. These include real estate, hospitality, leisure and entertainment, media, ICT, design, education, retail, manufacturing and logistics, and academia. 

 The Westin Paris – Vendome is an iconic property  built in 1878 and occupies a unique location in the heart of Paris’ liveliest luxury district.Overlooking the Jardin des Tuileries, the River Seine and the Eiffel Tower, and just steps away from Place Vendome, Place de la Concorde, Avenue des Champs Elysees and  the Louvre, the property’s historic ambience offers visitors a gateway to the city that unparalleled by lights. 

 The property covers an area of ​​more than 32,000 square meters and houses more than 400 rooms and suites. The Westin Paris — Vendome will continue to operate in partnership with  Marriott International Group under the The Westin brand and with the support of Sophos Hotel. Dubai Holding will shortly start considering plans for the future of the property after the Paris Olympics in 2024.

 In addition to this landmark acquisition, Dubai Holding continues to seek strategic investments to create long-term  sustainable value for the group create. Dubai Holding is focused on expanding its international footprint and further diversifying its asset base by exploring opportunities in promising sectors and geographies.

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https://www.khaleejtimes.com/business/dubai-holding-takes-full-ownership-of-the-westin-paris-vendome-with-acquisition-of-henderson-park

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