The French financial publication Les Echos reports that Rosewood Hotels is in talks to take over management of the Hotel De Crillon. The Hotel de Crillon was purchased for roughly 250 million euros by a member of the Saudi royal family in 2010. The 147-room Louis XV palace hotel will close this month to begin an extensive two-year renovation. Rosewood Hotels & Resorts was purchased by the Chinese firm New World Hospitality Group in 2011.
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