The Ritz Paris is one of the most iconic and luxurious hotels in the world. It has a rich history and has been frequented by some of the most famous personalities like Coco Chanel, Ernest Hemingway, and Princess Diana.
However, have you ever wondered who owns this luxurious property? Let’s find out!
The Ritz Paris
The Ritz Paris is a 5-star hotel located in the heart of Paris, France. It was founded by Swiss hotelier César Ritz in 1898 and has since become one of the most prestigious hotels in the world. The hotel boasts of 71 rooms and 71 suites designed to provide guests with the ultimate luxury experience.
The Ownership
The current owner of The Ritz Paris is Mohamed Al-Fayed, an Egyptian businessman who made his fortune through various business ventures including Harrods department store in London.
Mohamed Al-Fayed:
Mohamed Al-Fayed was born on January 27th, 1929 in Alexandria, Egypt. He started his career working for his father’s company before moving to Saudi Arabia where he worked as a salesperson for a construction company.
In 1964, he moved to London and bought a small failing department store called Harrods. He turned it around into a successful business that attracted customers from all over the world. In addition to Harrods, he also owned several other businesses including Fulham Football Club.
In 1979, Mohamed Al-Fayed purchased The Ritz Paris from businessman Taittinger for $30 million (USD). Since then, he has invested over $200 million (USD) into renovating and restoring the hotel to its former glory.
The Legacy
The Ritz Paris has been associated with luxury and glamour since its inception. Over the years, it has hosted some of the most famous names in history, from Coco Chanel to Princess Diana. The hotel has also been featured in several movies and TV shows, including the iconic movie ‘Midnight in Paris’.
Today, The Ritz Paris remains one of the most prestigious hotels in the world and continues to attract guests from all over the world who are looking for the ultimate luxury experience.
- So there you have it – Mohamed Al-Fayed is the current owner of The Ritz Paris.
- He purchased it in 1979 and has invested over $200 million (USD) into renovating and restoring the hotel.
- The Ritz Paris continues to be one of the most prestigious hotels in the world and attracts guests from all over who are looking for a luxurious experience.
In conclusion, owning a property as grand as The Ritz Paris is nothing short of a privilege. Mohamed Al-Fayed’s acquisition of this iconic hotel has only added to his already impressive legacy. The Ritz Paris will continue to be a symbol of luxury and glamour for many years to come.