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Derby Hotels Collection Exits Paris With €97 Million Sale to Fund London Luxury Overhaul

Derby Hotels Collection is directing the proceeds into a €20 million renovation of Hotel The Caesar in London to elevate its luxury positioning.

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Fachada del Hotel Banke, en París.
Archivo - Amancio Ortega

Overview

  • Derby Hotels Collection concluded the sale of its 91-room Hotel Banke in Paris to an undisclosed Spanish investment group for €97 million.
  • The company will invest €20 million in a comprehensive overhaul of Hotel The Caesar in London to reposition it firmly in the luxury segment.
  • Excluding the Paris property, the group’s portfolio now comprises 23 establishments across Barcelona, Madrid and London.
  • Future acquisitions will be contingent on identifying architecturally singular buildings in the centers of major capital cities.
  • Since its founding in 1968, Derby Hotels Collection has specialized in converting historic landmarks into distinctive luxury hotels through its heritage-driven development model.