Billionaire Buys Paris Mansion for €200 Million From Qatari Prince
- Historic Hotel Lambert was owned by Al Thani family since 2007
- Buyer Xavier Niel will make the building part of a foundation
The Hotel Lambert, a property owned by Prince Abdullah bin Khalifa al-Thani, has been bought by French billionaire Xavier Niel for over 200 million euros ($226 million), according to a person familiar with the matter.
The transaction is one of the largest ever deals for a private property in Paris, beating the 100 million euros paid for the Hotel de Soyecourt in 2011.