Crédit Agricole finances Henderson Park's historic €550m Paris hotel purchase

Westin Paris-Vendôme

Investor Henderson Park has completed the €550m (£484m) acquisition of one of Paris’ most historic hotels, the Westin Paris-Vendôme, from Singapore’s sovereign wealth fund GIC having secured a senior financing package from Crédit Agricole Corporate and Investment Bank (CACIB).

The 428-room Westin Paris-Vendôme, which will continue to operate under the Westin brand after Henderson Park agreed a deal with Marriott International, occupies a large island site across a full city square block in Paris’ 1st arrondissement, next to the Place Vendôme and Rue du Faubourg Saint-Honoré. The hotel, originally opened in 1878 as the Hotel Continental, also includes three restaurant and bar outlets alongside three salons, a fitness centre and a spa.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.

Registered users and subscribers SIGN IN here to continue