The founder of Inditex adds another property to his real estate portfolio in Europe, this time a historic five -star hotel in France.
Amancio Ortegaowner of Zara, bought the Hotel Banke in Paris for 97 million eurosexpanding its investment portfolio in Europe. The operation was carried out through its investment arm puts and consolidates the Spanish tycoon as One of the greatest actors in the European real estate sectorwith several high profile properties.
He Banke Hotellocated in a historic building, has 90 rooms and luxury suitesmeeting rooms, events for events and a wide gastronomic offer.
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Ortega acquired the property to the Spanish chain Derby Hotels, which had bought it in 2007 by 75 million euros. This purchase represents the sixth real estate investment in Ortega in Paris and the seventh in France. One of the above widely exceeded this figure, with the acquisition in 2024 of an office building next to the Opera Palace for 227 million euros.
Other recent investments from Ortega
Days ago, Pontegadea bought an office building in Dublin by 70 million eurosowned by the American Holding Kennedy-Wilson and the so-called “bad bank” Irish, Nama. In addition, the magnate disbursed € 250 million to acquire the headquarters of the Planeta Group in Barcelonaowned by the Blackstone Fund, Ortega’s largest investment in Spain since the purchase of the Foster Tower in Madrid in 2016 for € 490 million.
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In 2022, Ortega acquired a departments skyscraper in Manhattan for US $ 487.5 million, plus US $ 15.9 million taxes.
How much is the heritage of Amancio Ortega and what is its position in the Ranking of Forbes
Ortega occupies the ninth place in the list of the richest men in the world, with a heritage of US $ 124 billionand He leads the ranking in Spain. His daughter, Sandra Ortega Mera, is the second majority shareholder of Inditex and the second richest woman in the country, with US $ 10,800 million. These investments reflect the entrepreneur’s strategy to diversify their assets beyond the textile sector and consolidate their presence in the European and global real estate market.
Source: Ambito
