The Palais de Montmorency in the 16th arrondissement of Paris was sold for 46.5 million euros. It was owned by the former ambassador of the United Arab Emirates to the UK and France, Mohammed Mahdi al-Tajir.
The hotel was built in 1912 by the architect Henri-Paul Nenot, at the origin of the Meurice hotel and of the New Sorbonne. It has a total of 12 bedrooms, 12 bathrooms as well as 4 staff apartments and a breathtaking dining room.