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|| Saudi investors to buy Paris Crillon hotel for $350 million

crillon.jpgUS investment group Starwood Capital is about to sell the Hotel de Crillon in Paris to Saudi investors for around $350 million, the Reuters is reporting.

The buyer may have to spend an additional $140 million to renovate the luxury hotel which is located near the Champs Elysees on the Place de la Concorde.

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More details from the Reuters follows

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