Dubai Holding takes full ownership of The Westin Paris – Vendome with acquisition of Henderson Park’s stake

  • Date: 27-Feb-2023
  • Source: Zawya
  • Sector:Technology
  • Country:UAE
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Dubai Holding takes full ownership of The Westin Paris – Vendome with acquisition of Henderson Park’s stake

Dubai, UAE: Dubai Holding, a diversified global investment company with operations in 13 countries, announced today that it has acquired full ownership of the iconic The Westin Paris – Vendome after acquiring Henderson Park’s stake in the property.

The hotel, with its ultra-prime location, 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 back in 2018.

The acquisition of this prime asset further strengthens Dubai Holding’s extensive portfolio of world-class assets in key gateway locations. 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 Westin Paris – Vendome is an iconic property that was built in 1878 and is situated in a unique location in the 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