by Lisa A. Grimaldi | August 13, 2014
Constellation Hotels Holding, part of the Qatar Holding investment fund, has made a $442 million offer to buy the 470-room InterContinental Paris Le Grand, according to press reports. The group plans to spend another $80 million upgrading the 152-year-old hotel, which has 24,500 square feet of meeting space. Under terms of the offer, InterContinental Hotels Group would continue to manage the property.