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Located in the 6th arrondissement of the capital, the former headquarters of the RATP has just been bought by the hotel group Ascott. It intends to transform it into a luxury residence, under the name The Crest Collection.
Facing the Ile de la Cité at 53 quai des Grands Augustins, the next hotel of the Ascott group promises to be grandiose.
The Singaporean group, which currently owns more than 630 residences worldwide, has just finalized the sale of this emblematic old building. For the record, it was built in 1912 to house the Compagnie Générale des Omnibus, before becoming the headquarters of Ratp until the late 1990s. Until then, it belonged to Île-de-France Mobilités (IDFM), which decided to sell it to bail out its finances.
The amount of the transaction has not been disclosed, but the price set during a call for tenders was close to 110 million euros.
Ascott is already familiar with the walls of this Haussmann building. Until now, IDFM leased the building to a Citadines residence, another brand of the Asian group.
The future hotel joins four other French hotels in The Crest Collection, which already have three Paris addresses: La Clef Tour Eiffel, La Clef Champs-Élysées and La Clef Louvre. The fourth, Château Belmont, is located in the region, in Tours (Indre-et-Loire).
“There are no 200-room hotels in this area of the Left Bank,” says Philippe Mettey, vice president of sales and marketing for Europe at Ascott. “It’s a unique opportunity to create a five-star hotel there, right on the banks of the Seine”.
What’s next? International
Work will begin after the 2024 Olympic Games. The renovation will be carried out by the Jean-Philippe Nuel studio, which is used to working with high-end brands such as Piscine Molitor, Intercontinental and even castles.
The group wants to preserve the Haussmann-style building’s facade, while drawing inspiration from the neighborhood’s history, a meeting point for many artists in the 19th and 20th centuries.
The Crest Collection division, which is classified as a hotel, is very intimate and the stays it offers are personalized. Described as a residence on the website, its establishments are synonymous with modernity and elegance.
It intends to accelerate its development in 2023 with two upcoming openings in China and Singapore. Other destinations such as Jakarta, Bangkok, Tokyo Osaka or London will follow.
However, unlike the new Parisian brand, Ascott plans to focus on changing brands rather than building hotels, via a management or franchise contract.
Read also >Handwritten Collection: the new Accor Group brand
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Located in the 6th arrondissement of the capital, the former headquarters of the RATP has just been bought by the hotel group Ascott. It intends to transform it into a luxury residence, under the name The Crest Collection.
Facing the Ile de la Cité at 53 quai des Grands Augustins, the next hotel of the Ascott group promises to be grandiose.
The Singaporean group, which currently owns more than 630 residences worldwide, has just finalized the sale of this emblematic old building. For the record, it was built in 1912 to house the Compagnie Générale des Omnibus, before becoming the headquarters of Ratp until the late 1990s. Until then, it belonged to Île-de-France Mobilités (IDFM), which decided to sell it to bail out its finances.
The amount of the transaction has not been disclosed, but the price set during a call for tenders was close to 110 million euros.
Ascott is already familiar with the walls of this Haussmann building. Until now, IDFM leased the building to a Citadines residence, another brand of the Asian group.
The future hotel joins four other French hotels in The Crest Collection, which already have three Paris addresses: La Clef Tour Eiffel, La Clef Champs-Élysées and La Clef Louvre. The fourth, Château Belmont, is located in the region, in Tours (Indre-et-Loire).
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Located in the 6th arrondissement of the capital, the former headquarters of the RATP has just been bought by the hotel group Ascott. It intends to transform it into a luxury residence, under the name The Crest Collection.
Facing the Ile de la Cité at 53 quai des Grands Augustins, the next hotel of the Ascott group promises to be grandiose.
The Singaporean group, which currently owns more than 630 residences worldwide, has just finalized the sale of this emblematic old building. For the record, it was built in 1912 to house the Compagnie Générale des Omnibus, before becoming the headquarters of Ratp until the late 1990s. Until then, it belonged to Île-de-France Mobilités (IDFM), which decided to sell it to bail out its finances.
The amount of the transaction has not been disclosed, but the price set during a call for tenders was close to 110 million euros.
Ascott is already familiar with the walls of this Haussmann building. Until now, IDFM leased the building to a Citadines residence, another brand of the Asian group.
The future hotel joins four other French hotels in The Crest Collection, which already have three Paris addresses: La Clef Tour Eiffel, La Clef Champs-Élysées and La Clef Louvre. The fourth, Château Belmont, is located in the region, in Tours (Indre-et-Loire).
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