|Images via Fauchon|
Big buzz in the French capital. Rumors are swirling that Fauchon—the famous food emporium located on the Place de la Madeleine in Paris—will be getting into the luxury hotel business. Fauchon is celebrated globally for the fine quality of its products—from foie gras and caviar to the luxury eclairs that launched a trend around the world.
Now Les Echos reports that Fauchon is planning to develop a luxury hotel on a prime piece of Parisian real estate neighboring the gourmet store: the former Baccarat shop on Place de la Madeleine at the corner of Boulevard Malesherbes. The building is currently owned by the Qatar National Bank, and Fauchon would operate the hotel via long-term lease. A 30-40 million Euro investment has been made in the renovations.
Slated to open in 2017, the luxury hotel will have about 50 guestrooms. In other news, Fauchon is also working on opening a new café on Place de la Madeleine.