In competition since February with Starwood Hotels & Resorts for the takeover of the palace on the Basque Coast, the leading Canadian group has finally entered exclusive negotiations with its owner, the City of Biarritz.
Built in 1855, for Eugénie de Montijo, spouse if Napoleon III, the Palais de Biarritz was transformed into a hotel in 1880, after being sold to the city. Positioned on the Atlantic shore, it has 147 rooms and suites and is the only property with the distinction of "Palace" on France's Atlantic Coast. The property received this distinction in 2011, for a five year period.
In all, a dozen hotel groups presented their candidacies to takeover operations for this institution, but for a few months another actors was waiting in the wings: Starwood Hotels & Resorts.
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