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Zara Billionaire Ortega Buys Hotel in Paris for $113 Million

Zara Billionaire Ortega Buys Hotel in Paris for $113 Million

Bloomberg11-07-2025
Fashion billionaire Amancio Ortega bought a hotel in Paris for €97 million ($113 million), the Zara brand founder's second property acquisition in the French city in the past year.
Ortega's family office Pontegadea acquired the building from Derby Hotels, a spokesman for the Spanish firm said, confirming a report in newspaper Expansion. The five-star hotel is located in central Paris, near the Palais Garnier opera theater.
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