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Case Study

InterContinental Paris - Le Grand sold for EUR330 million to Constellation Hotels Holding Limited

UK based InterContinental Hotels Group PLC (IHG) has sold its last European asset, the 470-room InterContinental Paris - Le Grand to Qatar-based investor Constellation Hotels Holding Limited (Constellation) on a sale and manage-back agreement. JLL’s Hotels & Hospitality Group acted as the advisor
for InterContinental Hotels Group PLC.

In addition to the EUR330 million sale price, the buyer committed to invest in a major renovation of the hotel as part of its long term management agreement.

Patrick Saade, Senior Vice President of JLL’s Hotels & Hospitality Group, commented, “This is a landmark deal for IHG which sees them not only sell its last asset in Europe, but also marks the largest hotel deal in Paris this year. The close relationship we have with both parties and our knowledge of the requirements on both sides of the deal was essential in helping us to complete the sale.”​