The glitterati are being offered the chance to buy the Paris residence many have called home for the night.

The Hôtel de Crillon, one of the world’s landmark hotels, has been put up for sale by its American owner for more than €300m (£262m).

Starwood Capital, the investment firm that owns the Crillon, has instructed Eastdil Secured, a property adviser, to find a buyer. The venue, built in 1758 as a government building after being commissioned by Louis XV, is more likely to be sold to a high net-worth individual or a property investor rather than one of the large hotel chains.

Starwood has owned the Crillon, situated near the Champs Elysées on Place de la Concorde, since 2005. The company took on the hotel as part of its €2bn acquisition of Taittinger’s hotel and champagne empire.

Sunday Times