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Sovereign Wealth Funds Briefing - Categorized | Market

Eminem’s $19,000 suite, Paprika Martini enliven Meurice Hotel

Posted on 29 May 2009

From Bloomberg: The folks who run the Brunei Investment Agency, the $30 billion sovereign wealth fund of the oil-rich southeast Asian Sultanate of Brunei, were so smitten by the seven-story hotel literary Nobel Prize-winner Rudyard Kipling called his Paris home that it bought the place in 1996 for an undisclosed amount through the SWF’s London-based property-management company Dorchester Group Ltd.

The group’s roster of luxury hotels is now dubbed the Dorchester Collection. In 2007, BIA tapped French designer Philippe Starck to fine tune Le Meurice’s Belle Epoque architecture with lobster-claw telephones…….Full Article: Source
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