Blackstone has given management of the former Concorde Opéra in Paris to Hilton Worldwide. The hotel group has announced signing a management contract with the investment fund to convert the establishment to the Hilton Paris Opéra. The new branding will come to fruition after a major refurbishment program of the 124-year-old hotel. Opening of the renovated 266 rooms is expected for 2015. Both the real estate and the business enterprise of the hotel were recently acquired by Blackstone Real Estate Partners Europe IV, for an estimated 250 million euro.The Concorde Opéra was one of the last Parisian establishments by the Concorde Hôtels & Resorts group, after rebranding the Concorde Lafayette and Concorde Hôtel du Louvre under Hyatt brands a few months prior. The Concorde Villa Massalia in Marseille will soon be converted under Golden Tulip. This news comes just days after the announced conversion of the Concorde Berlin to a Sofitel (read our article). Now, the Lutetia in Paris and the Hôtel de la Paix in Genève remain in the Concorde portfolio.In a recent interview with Hospitality-ON, Pierre-Frédéric Roulot, president of Louvre Hotels Group, indicated that he had recovered the Concorde brand in the group's portfolio, intending to use the brand's notoriety in France and abroad (the Middle East), with independent establishments, to sign new franchise and management contracts.
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