If you’re planning a luxurious stay in Paris, the Plaza Athenee is likely to be on your list of hotels to consider. With its prime location on Avenue Montaigne and reputation for unparalleled service, it’s no surprise that the hotel attracts discerning travelers from around the world.
But have you ever wondered who owns this magnificent property? Let’s take a closer look at the history of the Plaza Athenee and its current ownership.
History of the Plaza Athenee
The Plaza Athenee has been a fixture in Paris since it first opened its doors in 1913. The hotel was designed by architects Charles Lefebvre and Armand Sibien, and quickly became known for its lavish Art Deco interiors and prime location near some of Paris’s most fashionable boutiques.
Over the years, the Plaza Athenee has played host to countless celebrities and VIPs, cementing its reputation as one of Paris’s most iconic hotels.
Current Ownership
Today, the Plaza Athenee is owned by the Dorchester Collection, a luxury hotel group that operates several other high-end properties around the world. The Dorchester Collection is owned by the Brunei Investment Agency (BIA), which is a sovereign wealth fund owned by the government of Brunei.
While the ownership structure may be complex, one thing is clear: the Plaza Athenee is in good hands. Under Dorchester Collection’s management, the hotel has continued to maintain its reputation for exceptional service and luxurious accommodations.
The Dorchester Collection
The Dorchester Collection was established in 2006 with a portfolio of some of Europe’s most iconic hotels. In addition to the Plaza Athenee in Paris, other properties in their collection include The Dorchester and 45 Park Lane in London, Le Meurice and Hotel Plaza Athenee in Paris, Hotel Eden in Rome, and The Beverly Hills Hotel and Hotel Bel-Air in Los Angeles.
Brunei Investment Agency
The Brunei Investment Agency is a sovereign wealth fund that manages the government of Brunei’s investments. The agency was established in 1983 with the goal of diversifying Brunei’s economy beyond its dependence on oil and gas exports.
Today, the BIA has investments in a wide range of industries, including real estate, financial services, and technology. The agency’s ownership of the Dorchester Collection is just one example of its global portfolio.
Conclusion
In conclusion, while the ownership structure of the Plaza Athenee may be complex, there’s no denying that it remains one of Paris’s most iconic hotels. Whether you’re staying at the hotel or simply admiring its stunning Art Deco façade from afar, there’s no denying that the Plaza Athenee is a true Parisian gem. And with the Dorchester Collection and BIA at the helm, it looks set to remain that way for many years to come.
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