An emblematic palace in the 8th arrondissement of Paris, the George V belongs to the Saudi prince Al-Walid ben Talal and remains operated by the Four Seasons Hotels and Resorts group. Between international investors, celebrity clientele and prestigious history, the establishment has established itself as one of the symbols of Parisian luxury and a strategic asset that is still coveted.
The George V: the Parisian palace of Saudi Prince Al-Walid ben Talal, which he keeps at all costs
The George V palace, located in the 8th arrondissement, is among the most emblematic luxury hotel establishments in Paris. Built in 1928, it is one of the great historic hotels which have shaped the international image of the capitalmixing business clients, prestigious tourism and personalities from the political and artistic world.
The establishment today belongs to the Saudi prince Al-Walid ben Talalvia his investment company. It is operated by the Four Seasons Hotels and Resorts hotel group, as part of a classic model in the luxury sector where ownership of the premises is separate from operational management. According to theAFPthe George V therefore belongs to the Saudi prince’s company and remains operated by Four Seasons, which also manages the Grand-Hôtel du Cap-Ferrat on the Côte d’Azur. The hotel group is also linked to the investment company of Bill Gates, the chain’s key shareholder.
George V à Paris : un palace prisé des célébrités internationales
The palace is also known for regularly welcoming international personalities from the world of music and politics. Among its regulars are Céline Dion, Madonna and Mariah Carey. Several prominent political leaders, such as Bill Clinton and Hillary Clinton, have also stayed there on official or private visits, strengthening the international image of the establishment.
Prince Al-Walid, who has held the George V since 1997, is particularly attached to it. According to our colleagues from Challengeshe recently refused an offer of nearly two billion dollars from a South Korean fund wishing to buy the establishment. Still according to the media, the billionaire is a major investor in the French economy. In particular, it holds approximately 6% of the Accor group. and participated in investments alongside Bpifrance in venture capital funds. His entourage describes him as very attached to France and its economic and institutional relations, maintaining regular contacts with several French officials.
As also recalled Forbes, his fortune is estimated at around $22.7 billionwhich places him among the world’s great fortunes. Through his holding company Kingdom Holding, he holds stakes in hospitality, media and technology, with investments in major international groups.
Built at the end of the year 1920, the George V went through several eras and changes of owners before becoming one of the best-known palaces in Paris. Integrated into the circle of French palaces since 2011, it remains today a strategic asset as much as a symbol of Parisian luxury, still under the control of an owner who has never expressed the intention of parting with it.
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