The only major European capital that still does not cater to the all-inclusive private accommodation whims of oligarchs, stars and visiting ministers, Paris is currently at the heart of a discreet battle between the luxury hotel giants for this ultra-privileged market segment.
For the best part of the last year, the four adjacent buildings constructed by the Oberkampf family in 1911 at the foot of the Eiffel Tower have been the centre of a discreet game of Monopoly between the top luxury giants. Glitz understands that the businessman Thomas Fabius, who together with the property developer Éric Sitruk bought the properties for €165m in April 2025, is in talks with the Hong Kong hotel group Mandarin International
