On behalf of Parcoy SARL, Jones Lang LaSalle Hotels is delighted to announce it has arranged the sale of a confidential 5-star hotel in the 16th arrondisement to an undisclosed Mainland Chinese buyer. This elegant property recently underwent a complete renovation and reopened in 2011.
This transaction marks the first time a group from Mainland China has acquired a major hotel asset in central Paris. Commenting on the sale, Sue-Lin Heng, Senior Vice President for Jones Lang LaSalle Hotels said: “This transaction is a milestone in many ways. Through our global platform and local market knowledge, we were able to manage cultural sensitivities and execute this landmark sale to a new buyer from one of the world’s most important emerging markets.”
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