PARIS — Paris's world-famous luxury Crillon hotel has been sold to Saudi investors linked to the royal family for around 250 million euros (355 million dollars), sources close to the sale told AFP on Friday.
US-based Starwood Capital is in the final stages of the sale which does not include a reportedly 100-million-euro programme needed to modernise one of the world's oldest luxury hotels, according to the daily Le Figaro.
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