Big news from Paris, where industrial group Bouygues announced today that it had won a contract to refurbish the iconic Ritz Hotel for $183 million, according to Reuters.
The hotel, to close this summer and reopen in 2014, will reportedly be completely refitted and furnished with a new summer restaurant with a sliding roof, additional suites, an extension of the ballroom and new technology.
Bouygues said it had renovated the George V in 1999, the Grand Hotel InterContinental in 2003, Fouquet's Barriere in 2006, and the Royal Monceau and the Shangri-La in 2010.