SFL to convert offices and retail building in Paris into a luxury hotel (FR)

Société Foncière Lyonnaise (SFL) will convert the property at 247-251 rue Saint Honoré in Paris, which currently comprises 22,000 m² of office and retail space, into a luxury hotel with 150 rooms and suites. Delivery is scheduled at the end of 2010.

Ideally located in the first arrondissement, between Place Vendôme and the Tuileries gardens, the building will become the first Mandarin Oriental hotel in Paris, under an agreement that provides for the signature of a 12-year renewable lease once the necessary permits have been obtained.

The architect for the building is Jean-Michel Wilmotte.

SFL was advised by Cities Consultants and Ashurst. Mandarin Oriental was advised by Linklaters.

Source: SFL

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