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JLL advise on €344.5 million sale of Paris Marriott Hotel Champs-Elysées

Acquired by Chinese investor


​LONDON, 15th October  - A Chinese investor has closed on the purchase of the Paris Marriott Hotel Champs-Elysées for €344.5 million. JLL's Hotels & Hospitality Group acted as the transaction advisor for the seller.

The 192-room Marriott Champs-Elysées is one of Paris' finest real estate assets and is the only hotel located on the prestigious Avenue des Champs-Elysées. The sale represented a rare opportunity in a market with high barriers to entry due to lack of supply and huge demand for trophy assets.

Patrick Saade, Vice President of JLL's Hotels & Hospitality Group, commented: "JLL's involvement in this landmark deal is another demonstration of our skill in selling unique properties in Paris. It also demonstrates the trust clients place in our cross-border expertise, our brand and our global platform."

Earlier in the year JLL predicted that 2014 will see annual hotel investment volumes across Europe, the Middle East and Africa grow by more than 20%. In Paris alone JLL have secured deals in excess of €1 billion this year.

​Nihat Ercan, Executive Vice President of JLL's Hotels & Hospitality Group in Singapore added: "This sale confirms the increasing interest from Asian capital for assets in Paris and the attractiveness of European key gateway cities for high-profile real estate investments. Our proven track record for completing flagship deals saw us ranked the number one hotels broker in the world by RCA for 2013 and deals like this help us to reach our aspirations of delivering truly global investment strategies that deliver maximum value for our clients."

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