An office property in central Paris is to be converted into the first Mandarin Oriental hotel in the French capital, property company Societe Fonciere Lyonnais(SFL) announced on Friday. The 150-room luxury hotel is scheduled for delivery at the end of 2010 and will be run by Mandarin Oriental under a 12-year renewable lease. The hotel will be located at 247-252 rue Saint Honore, which currently comprises 22,000 m[sup]2[/sup] of office and retail space in the 1st arrondissement between Place Vendome and the Tuileries Gardens. The architect for the building is Jean-Michel Wilmotte.