CDL buys Hilton Paris hotel for US$260mil

The acquisition was completed by Copthorne Hotel, the mainboard-listed property developer’s wholly owned subsidiary. — The Straits Times

SINGAPORE: City Developments Limited (CDL) has acquired Hilton Paris Opera Hotel from funds managed by Blackstone for €240mil (US$260mil).

The acquisition was completed by Copthorne Hotel, the mainboard-listed property developer’s wholly owned subsidiary. The 268-room historic hotel, which opened during the 1889 World’s Fair in Paris, is located at 108 Rue Saint Lazare in the 8th Arrondissement, one of the city’s main business districts.