This exquisite property is the culmination of a long search to find the perfect location to launch Shangri-La in France. We aim to combine Shangri-La's renowned Asian hospitality, accommodations and dining, with the site's romantic history, privileged location and structural attributes, to create another gem in Paris' crown.

The biggest (growth) at our hotels came from business travelers.

We expect those room rates to increase another 6-8 percent this year.

They are doing very well, making good money, more money than the rooms.