Soci茅t茅 Fonci猫re Lyonnaise has completed the sale of a hotel property in the first arrondissement of Paris for a net price of 鈧�290 mln.
Soci茅t茅 Fonci猫re Lyonnaise has completed the sale of a hotel property in the first arrondissement of Paris for a net price of 鈧�290 mln.
The asset, which is occupied by the Mandarin Oriental Paris hotel and two luxury boutiques, was bought by the Mandarin Oriental Hotel Group at a premium of 30% on the total cost of the renovated building.The asset is located at 251 rue Saint-Honor茅.
'This transaction demonstrates SFL鈥檚 ability to successfully carry out complex development projects in the heart of Paris to the very highest standards, and to apply the unique know-how of its teams to an ambitious value-creation strategy,' said COO Dimitri Boulte.
SFL was advised by Jones Lang LaSalle Hotels, Gide Loyrette Nouel and Oudot. Mandarin Oriental Hotel Group was advised by Linklaters and Wargny Katz.
