Starwood To Sell Hotel de Crillon For $353.5 million

Saudi investors with ties to the royal family will pay 250 million euros ($353.6 million) to buy the Hotel de Crillon from U.S. investment group Starwood Capital, Reuters reported, citing an article from the French daily Le Figaro. The unnamed buyers may also need to spend another 100 euros ($140 million) to restore the famed Paris hotel, which is located near the Champs Elysees.

DealsNorth AmericaUSBriefs