GIC RE Acquires InterContinental Hotel Paris

08 Sep 2005

SINGAPORE

GIC Real Estate Pte Ltd (GIC RE) through its affiliate has acquired a 100% freehold interest in the InterContinental Hotel Paris (Hotel) for €315 million.

This well known landmark is in an excellent location on rue de Castiglione in the heart of the historical, cultural and shopping areas of Paris, facing the beautiful Tuilleries Gardens and adjacent to the Lourve museum. It is an international 5-star hotel with 438 guestrooms including 76 suites and is highly sought after by both business and leisure guests. The Hotel not only affords outstanding views of Paris but also offers some of the city’s most spectacular and historic meeting.