Hotel Majestic on the market for EUR 500m

The bidding period for the central Paris Hotel Majestic has ended and the winner of the prestigious property, a few steps from Avenue des Champs-Elysees, could be made public as soon as today. The hotel and conference centre was used as Hitler's Paris head office, and was returned after the liberation of Paris to the foreign ministry, which is now selling it for an asking price of EUR 500 mln. This is one of the largest sales in a series of real estate deals undertaken by the French state in an attempt to reduce the country's national debt.

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