Travel Reservations - OrangeSmile Tours
Best destinations around the world - Travel Guide

Find the right hotel

Hotel Business News and Analytics
Important! This article is written by editors and is protected by copyright law. The article can only be re-used with a direct link to
All news:

Ascott Will Open a Hotel in Paris Near Arc de Triomphe

News Ascott Ltd., a hotelier mostly specializing in managing serviced apartments, is going to open a hotel in Paris. The Singapore-headquartered organization is about to open its first Paris accommodation near the legendary Arc de Triomphe. This is also going to be the first property by the Ascott brand in France.

The hotel will be named Ascott Arc de Triomphe Paris. The hotelier is the owner of this property. In order to make this possible, Ascott has purchased Hotel K and an adjacent residential property. Both properties will be combined into one hotel. Ascott paid around €65 million for this deal.

The hotel will offer serviced residences and will feature 106 units to its guests. Ascott Arc de Triomphe Paris will start operating already next month, enlarging the European portfolio of the hotelier up to 49 hotels in 22 cities. As it has been already mentioned, this hotel will signify the debut of the main brand by Ascott in France. However, the second brand of the hotelier, Citadines Apart’hotel, already features 32 properties across the country. This year Ascott will also open a hotel in Frankfurt, and a hotel in Hamburg.

Ascott’s CEO Lim Ming Yan tells the company wants to develop its presence across Europe, paying particular attention to hotels in London, Paris and main Germany cities. The company is ready to make investments and has the intent to invest around $807 million into enlarging its European portfolio.

At the moment the global portfolio of the hotelier reaches 22,000 guestrooms. Other 5,000 are in the process of building. Main strategy of the company includes having as many as 40,000 guestrooms until 2015.

Previous article / Back to news index

Stay in touch with the latest news of a worldwide hotel industry. All up-to-date analytics, news, and reports about hotel business trends on

Our travel services
 Car Rental
Car Hire Worldwide
 News in languages
 Top 20 destinations
162 hotels
121 hotels
77 hotels
45 hotels
216 hotels
Miami Beach
138 hotels
1184 hotels
55 hotels
Sunny Beach
127 hotels
Zell am See
74 hotels