Alrov Buys Luxury Paris Hotel

5th May 2010 (Last Updated May 5th, 2010 18:30)

Hotel Lutetia, a 100-year old luxury property located in Paris, France, has been acquired by Alrov Properties and Lodgings for €145m ($188m). An options agreement has been signed for the deal made through Alrov subsidiary Locka Holding. Located on the left bank of the Seine

Hotel Lutetia, a 100-year old luxury property located in Paris, France, has been acquired by Alrov Properties and Lodgings for €145m ($188m).

An options agreement has been signed for the deal made through Alrov subsidiary Locka Holding.

Located on the left bank of the Seine river, the 231- room palace hotel features banquet halls, a business centre, restaurants and a spa, according to globes.co.il.