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Constellation Hotels Offers to Buy InterContinental Paris Le Grand for $442 Million

Aug 8, 2014



InterContinental Hotels Group has received a binding offer from Constellation Hotels Holding Limited to acquire InterContinental Paris – Le Grand for $442 million. Constellation recently purchased the InterContinental London Park Lane and has a majority investment in InterContinental New York Barclay.

Overlooking the Opera House, the hotel features 470 guestrooms, including 70 suites. It first opened in 1862 and has operated under the InterContinental brand’s 1982. Constellation has agreed to invest an estimated $80 million in renovations over time.






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hdtalks: the interviews

During HD Expo 2014, Hospitality Design’s Michael Adams sat down with HBA’s Michael Bedner to talk about his half-century in the hospitality design industry. View the video.

 

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Produced by: Emerald Expositions
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Hospitality Design is the leading interior design industry publication and established web resource in the business. Providing comprehensive reporting on hotel industry
news and exclusive coverage of the latest ecological-friendly green hotels and bar designs, HD Magazine keeps you updated on the latest hotel trends in technology
and innovative interior design ideas. From recent hotel renovations and openings to award-winning luxury hotels and hotel construction projects, HD Magazine
keeps you informed on news that matters most to your hospitality business.

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