HENDERSON PARK ACQUIRES LE MÉRIDIEN ETOILE

London-based investment company Henderson Park has acquired the Le Méridien Etoile in Paris, France, from Mount Kellet Capital Management and Cedar Capital for €365 million (€365,000 per room). This is Henderson’s first purchase, as the platform was only launched in September 2016 by Nick Weber, former Goldman Sachs executive. With 1,025 guest rooms, the hotel, which was built in 1972, is the largest hotel in the French capital; it is close to the city’s iconic Arc de Triomphe and has recently emerged from an extensive renovation.

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