Paris’ famed Hôtel de Crillon - one of the finest of the luxury Paris hotels - has been put up for sale by its American owner - Starwood Capital - for about
€300 million ($420 million).

Built in 1758 as a government building after being commissioned by Louis XV, “Le Crillon” is situated near the Champs Elysées on Place de la Concorde.

Starwood has owned the Crillon since 2005. The company took on the five-star hotel as part of its €2 billion acquisition of Taittinger’s hotel and champagne empire.