Herbert Smith Freehills advises City Developments LTD (CDL) on its €240 million acquisition of the Hilton Paris Opéra hotel

Located in the heart of Paris's 8th arrondissement on rue Saint-Lazare, the Hilton Paris Opéra was designed by the renowned French architect Juste Lisch. A historic building, which housed the very first guest elevators when it was inaugurated during the 1889 Universal Exhibition. With 268 rooms, the hotel is particularly famous for its lobby.

In 2015, the Hilton Paris Opéra underwent a major €43.4 million renovation.

Thanks to this investment, CDL has expanded its Paris portfolio to three properties, including the M Social Hôtel Paris Opéra and the Millennium Hôtel Paris Charles de Gaulle.

Herbert Smith Freehills supported CDL on the transactional aspects with a team comprising David Lacaze, Partner (Paris) and Isabelle Augais, Of Counsel (Paris), assisted by Marjorie Bodino, Timothée Carpentier and Jean-Baptiste Verlhac, associates (Paris) and Jeremy Walden, Partner (London). The employment law aspects were handled by Emma Rohsler, Partner (Paris) and Guilhem Seronie-Doutriaux, Associate (Paris).

CDL was also advised by EY on tax aspects, and Étude Acte2 on notarial aspects.

Blackstone was advised by DLA Piper, PWC Avocats and Étude Attal.