French holding company MH Limited Partnership has purchased the Hotel Prince de Galles in Paris for €140m (£109m).
The four star hotel at 33 Avenue George V comprises 178,218 sq ft of hotel space totalling 141 rooms, 27 suites and five meeting rooms.
It is operated by Starwood Hotels and Resorts and is one of its Luxury Collection brand hotels. It was developed in 1929.
Alexis Delprat, head of Savills European Hotels, which acted on behalf of the purchaser, said: ‘The Prince de Galles is a landmark hotel in Paris and represents one of the largest trophy hotel asset transactions to date.’
Patrick Sanville, director of Atisreal’s hotels team, which advised the seller, Caisse Autonome Nationale de la Securite Sociale dans les Mines, said: ‘The sale of Hotel Prince de Galles confirms that Paris’ hotels are still in high demand by investors.’