The property has been sold by French property group Altarea Cogedim. On the basis of a sale-and-leaseback agreement, the group will in the long term remain the key tenant of the 5 star hotel in Avenue Wagram, which is managed by Marriott International Inc. In addition to the hotel itself, which boasts 118 luxurious rooms, the complex of buildings also includes the Salle Wagram, a listed venue dating back to 1865, and three fully let retail units.

Source: Deka