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Title: Saudi royal buys landmark Crillon hotel in Paris
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Saudi royal buys landmark Crillon hotel in Paris: "prestigious Hotel de Crillon in the heart of Paris has been sold to a member of the ...
Saudi royal buys landmark Crillon hotel in Paris: "prestigious Hotel de Crillon in the heart of Paris has been sold to a member of the Saudi royal family.

The 18th Century former palace, on the Place de la Concorde, is said to have been bought for around 250m euros (£212m, $328m).

The Crillon is currently owned by US company Starwood Capital which acquired the hotel when it took over the Taittinger empire in 2005.

An earlier attempt to sell the hotel to Saudi-backed JJW ended up in court.

In April, the court ruled that JJW would have to pay Starwood 100m euros to settle the dispute, which involved an alleged breach of contract."

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