Dubai, UAE: Dubai Holding, a diversified global investment company with operations in 13 countries, announced today that it has acquired full ownership of the iconic The Westin Paris – Vendome after acquiring Henderson Park’s stake in the property.

The hotel, with its ultra-prime location, is one of the most sought-after real estate assets in Paris, France. Henderson Park and Dubai Holding had acquired The Westin Paris – Vendome in a joint venture back in 2018.

The acquisition of this prime asset further strengthens Dubai Holding’s extensive portfolio of world-class assets in key gateway locations. In addition, it supports the Group’s long-term strategy of global expansion that is focused on boosting its presence in strategic destinations across the world, including North America, the Middle East, Europe and Asia.

The Westin Paris – Vendome is an iconic property that was built in 1878 and is situated in a unique location in the heart of the busiest luxury district in Paris. Overlooking the Jardin des Tuileries, the River Seine and the Eiffel Tower – and a few steps away from Place Vendome, Place de la Concorde, Avenue des Champs Elysees and Le Louvre Museum – the historic setting of the property offers visitors an unparalleled entry to the City of Lights.

The property occupies an area of over 32,000 square metres and houses more than 400 rooms and suites. The Westin Paris - Vendome will continue to operate in partnership with the Marriott International group, under The Westin brand and with the support of Sophos Hotel. Dubai Holding will soon begin to consider future plans for the property after the Paris Olympics in 2024. 

In addition to this landmark acquisition, Dubai Holding continues to pursue strategic investments to create long-term and sustainable value for the Group. Dubai Holding is focused on growing its international footprint and diversifying its asset base further through unlocking opportunities across promising sectors and geographies.

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About Dubai Holding

Dubai Holding is a diversified global investment company with operations in 13 countries and employing over 20,000 people. Established in 2004, Dubai Holding touches the lives of millions of Dubai residents and visitors through its extensive portfolio of over AED 130 billion worth of assets that support the diversification and sustainable growth of Dubai’s economy across 10 key sectors: Real Estate, Hospitality, Leisure & Entertainment, Media, ICT, Design, Education, Retail, Manufacturing & Logistics and Science.

Our portfolio is comprised of five leading companies: Dubai Holding Real Estate, one of the largest landowners and integrated master developers in Dubai;  Dubai Holding Asset Management, which offers a world-class portfolio of 10 business districts, 20 retail destinations and 15 residential communities that collectively enable business and tourism activity as well as an enriched living experience for residents; Dubai Holding Hospitality, which manages leading hospitality assets and a diverse collection of unique F&B concepts as well as top-notch hotel brands including Jumeirah, Dubai Holding’s flagship hospitality brand and global luxury hotel company; Dubai Holding Entertainment, which comprises Dubai’s leading leisure attractions, media and entertainment venues such as Ain Dubai, Global Village, Dubai Parks and Resorts, ARN, and Roxy Cinemas, amongst others; and Dubai Holding Investments, a dedicated vehicle responsible for developing and implementing the Group’s investment strategy, and managing a diverse portfolio of strategic and financial investments across public and private markets in the UAE and internationally. Focused on long-term and sustainable value creation, it has investments in Dubai Waste Management Centre, Du and Azadea, as well as joint ventures and partnerships with Brookfield, Emaar and others.

Learn more about Dubai Holding:

About Henderson Park

Henderson Park is a leading global private real estate fund manager headquartered in London. Since its formation in 2016, the firm has invested approximately $13 billion in building a portfolio of flagship real estate assets across Europe, with a presence in major cities and capitals in France, Germany, Greece, Ireland, Italy, Poland, Portugal, Spain and the UK. Henderson Park seeks high quality assets in prime locations where it can identify the potential for unlocking or creating value through asset management, or by taking on and working in complex situations. The company’s current portfolio is diversified across various sectors such as office, logistics, multifamily, student housing, hospitality and retail, including several real estate development projects. Henderson Park strives to work and build long-term strategic relationships with the best local partners.  Henderson Park is a signatory of the UN PRI.

www.hendersonpark.com

For further information, please contact:
Brunswick Group – for Dubai Holding
Dubaiholding@brunswickgroup.com

FTI Consulting - for Henderson Park:
Richard Sunderland, Ellie Sweeney, Andrew Davis
HendersonPark@fticonsulting.com