The Westin Paris – Vendome
Landmark transaction for Dubai Holding strengthens its position as a leading investment conglomerate in the region and beyond, diversifying its world-class portfolio of assets. Image Credit: Source: The Westin Paris – Vendome

Dubai: Diversified global investment company Dubai Holding has acquired full ownership of the The Westin Paris – Vendome after acquiring Henderson Park’s stake in the property.

The hotel is one of the most sought-after real estate assets in Paris, France. Henderson Park and Dubai Holding had acquired The Westin Paris – Vendome in a joint venture in 2018.

“The acquisition of this asset further strengthens Dubai Holding’s extensive portfolio of world-class assets in key gateway locations,” it said in a statement on Monday. “In addition, it supports the Group’s long-term strategy of global expansion that is focused on boosting its presence in strategic destinations across the world, including North America, the Middle East, Europe and Asia.”

The property occupies an area of over 32,000 square metres and houses more than 400 rooms and suites. The Westin Paris - Vendome will continue to operate in partnership with the Marriott International group, under The Westin brand and with the support of Sophos Hotel. Dubai Holding will soon begin to consider future plans for the property after the Paris Olympics in 2024.

The Westin Paris – Vendome
The Westin Paris – Vendome was built in 1878 and is situated in heart of the busiest luxury district in Paris. Overlooking the Jardin des Tuileries, the River Seine and the Eiffel Tower – and a few steps away from Place Vendome, Place de la Concorde, Avenue des Champs Elysees and Le Louvre Museum – the historic setting of the property offers visitors an unparalleled entry to the City of Lights.