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24-767: The luxury hotels division (previously known as Société du Louvre) can trace its origins to a company founded on 26 March 1855 to operate Les Galeries du Louvre, later Grands Magasins du Louvre , a department store and the Grand Hôtel du Louvre . These shared a large building on the Place du Palais Royal in Paris, France. The company was owned by the American investment company Starwood Capital Group following its earlier purchase of Société du Louvre in December 2005. Since 2009,

48-687: A basement, the street level and the first floor. It also hosted occasional temporary exhibitions. The upper floors were commercialized as an office building, the Centre d'Affaires Le Louvre , with tenants that included the Ministry of Finance , Bank of France , Crédit Lyonnais , Banque Française du Commerce Extérieur , Industrial Bank of Japan , and U.S. Embassy . In 1987, the Louvre des Antiquaires opened an offshoot in New York City , but that

72-502: A commercial mall with 41 luxury shops at the time of inauguration. Much of it was taken by Les Galeries du Louvre , the second modern department store in Paris after Le Bon Marché which had opened in 1852, which opened on 9 July 1855. The Galeries was operated by Alfred Chauchard  [ fr ] , who had previously been a clerk at a store named Au Pauvre Diable with a salary of 25 Francs per month, and his partners Auguste Hériot  [ fr ] and Léonce Faré, through

96-737: A commercial venture formed on 26 March 1855 that rented the space from the Pereires' landlord entity, itself renamed in 1858 the Compagnie immobilière de Paris . Faré withdrew in 1857 and the company became Chauchard, Hériot et Compagnie , in which the Pereires took shares in the early 1860s. In 1863, the mall was rebranded as the Grands Magasins du Louvre . In 1865, it realised 15 million in sales and 41 million ten years later. It employed about 2,400 people, and Chauchard and Hériot became extremely rich. Following remodeling that started in

120-468: The Compagnie de l'Hôtel et des Immeubles de la rue de Rivoli . They directed the construction of the massive urban block along the thoroughfare while Napoleon III's Louvre expansion was being completed across it. They commissioned their customary architect Alfred Armand  [ fr ] , who was assisted for the project by Jacques Ignace Hittorff , Charles Rohault de Fleury and Auguste Pellechet  [ fr ] , and strictly adhered for

144-643: The Grand Hôtel closed in 1887, the Grands Magasins expanded and kept operating in the building until 1974. From 1978 to 2016 they were succeeded by a specialized mall of antiques shops, the Louvre des Antiquaires , while the upper floors were repurposed as rented office space. Since 2020, the building's lower levels have been undergoing conversion to become the new flagship home of the Fondation Cartier pour l'Art Contemporain . The completion of

168-731: The Gare Saint-Lazare (later Hilton Paris Opéra ), whose hall was designed by Gustave Eiffel . In 1909, the company opened the Hôtel de Crillon on the Place de la Concorde , after its renovation. In 1930, the shares were registered in the official list of the Paris Bourse . In 1909, the Grands Magasins expanded into an annex across rue de Marengo, connected to the main building by an underground passage. In 1914, following

192-575: The place du Palais-Royal , the rue Saint-Honoré , and the rue de Marengo  [ fr ] , with a total floor surface of 47,000 square meters. It was originally erected in the early 1850s by the Pereire brothers who in 1855 opened an iconic hotel, the Grand Hôtel du Louvre , and an innovative street-level department store , branded from 1863 the Grands Magasins du Louvre . While

216-486: The rue de Rivoli between the place du Louvre and the place des Pyramides was an early project of Haussmann's renovation of Paris as desired by Napoleon III , and coincided with the preparation of the Exposition Universelle (1855) . The Pereire brothers were eager to contribute and in 1854 established the société immobilière des terrains de la rue de Rivoli , complemented in December 1854 with

240-664: The Golden Tulip hotels were integrated into the group following their purchase of Golden Tulip Hospitality Group from administration by Starwood Capital. The group previously owned the Paris Hôtel de Crillon but sold it at the end of 2010. The company sold the perfume firm Annick Goutal to the South Korean giant Amore Pacific in 2011. The range of hotel brands was extended in 2009 with the purchase of Golden Tulip Hospitality Group. Groupe du Louvre and Louvre Hotels Group

264-524: The Grand Hôtel du Louvre as "a huge, palatial edifice, the construction of which cost upwards of 50,000 £." The hotel closed on 1 November 1887 to allow for the expansion of the Grands Magasins du Louvre . In 1888 the Hôtel du Louvre opened on the other side of the Place du Palais Royal, and has remained in the same location since then. As the hotel opened in 1855, the building's street level and mezzanine ( French : entresol ) were devoted to

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288-448: The administrators, and subsequently tasked architect Henry Dubois with its remodeling including the transformation of the main interior courtyards into covered atriums. Initially they kept the hotel in operation, but eventually closed it on 1 November 1887 for another expansion of the department store, which was completed in 1888. After Auguste Hériot died in 1879, his brother Olympe Hériot  [ fr ] inherited his shares of

312-506: The building while leaving the exterior walls standing. The Canadian pilot, Joe Douglas Hogan, and six crew members were all killed. Repairs and additional structural changes were made in the immediate postwar period. From the mid-1950s, the Société du Louvre started renting out office space in the upper levels to prestige tenants, e.g. IBM , and street-level commercial space to third-party retailers, e.g. Prisunic . On 10 January 1973, it sold

336-472: The company. Chauchard sold his shares in 1885. Olympe in 1887 married Cyprienne Dubernet , a former saleswoman at the store, and directed the company alone until 1888, when first signs of his mental illness forced his resignation. He was succeeded by one of Émile Pereire's sons. In 1889, the company was renamed Société du Louvre and opened a second hotel, the Grand Hotel Terminus in front of

360-643: The entire property to the Société de Financement et de Participation Immobilière (FIPARIM), which closed the department store and Prisunic on 15 June 1974. The building was entirely reconstructed by its new owner, with demolition works starting in February 1976, on a design by architect Wladimir Lentzy that only kept from the prior structure the street facades as well as the façades of the westernmost inner courtyard. The Louvre des Antiquaires opened on 26 October 1978 with 240 antiques shops on three levels, namely

384-569: The external facades to Percier and Fontaine 's stern design guidelines for the rue de Rivoli dating from the time of Napoleon I . The Grand Hôtel du Louvre was inaugurated on 9 July 1855, a few weeks into the Exposition Universelle that had opened on 1 May 1855, but its actual operations only started on 15 October 1855 and reached a steady state in early 1856. Partly inspired by the Great Western Royal Hotel in London , it

408-535: The facades, to host central offices of the French Ministry of Culture . The Grands Magasins du Louvre, however, suffered from the crisis of the 1930s and their activity declined significantly in 1933–1934. An Avro Lancaster airplane from the No. 57 Squadron RAF , based at RAF East Kirkby , was hit by German flak and crashed into the building on the night of September 23, 1943, causing significant damage inside

432-404: The late 1860s, on 17 March 1873 the department store opened an expansion that brought it to a floor surface of 13,700 square meters, which its boasted as the world's largest. Following the difficulties faced by the Pereires in the late 1860s, the Compagnie immobilière de Paris was dissolved on 30 June 1872. On 14 August 1875, Chauchard, Hériot et Compagnie bought the whole building from

456-505: The redevelopment, the Fondation Cartier pour l'Art Contemporain will use 6,000 square meters on the former footprint of the Louvre des Antiquaires, as a new site branded Fondation Cartier – Louvre Palais Royal . As of late 2022, the opening date was expected in 2024 or 2025. The Grands Magasins du Louvre inspired Émile Zola 's novel Au Bonheur des Dames (1883). Napoleon I Too Many Requests If you report this error to

480-488: The start of World War I , part of the complex was repurposed as a military hospital managed by the Val-de-Grâce . In 1919, another annex was created for the expansion of reserve space across rue Saint-Honoré , designed by architect Georges Vaudoyer  [ fr ] . That building was repurposed in 2002–2005 on a design by architect Francis Soler  [ fr ] with a distinctive metal screen in front of

504-408: Was also a more expensive restaurant, a salon 41 metres (135 ft) in length and a large billiard room . The modern hotel included many bathrooms and twenty lavatories. Another innovative feature was a pair of steam-powered lifts. Félix-Joseph Barrias was commissioned to paint frescoes in the monumental dining room, which was 40 meters long and 30 meters wide. An 1872 Baedeker guide described

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528-504: Was closed in 1992. In 1995, the Société foncière lyonnaise  [ fr ] (SFL) acquired FIPARIM, and fully absorbed it in 2004. After years of financial trouble and an increasing number of vacancies, the Louvre des Antiquaires closed in 2016. Since 2020, the SFL has redeveloped the property on designs by architecture firms B.Architecture and Ateliers Jean Nouvel . As part of

552-528: Was sold to Jinjiang International in 2015. As of 2024, Groupe du Louvre owns and operates over 1700 hotels under the following brands: [REDACTED] Media related to Groupe du Louvre at Wikimedia Commons Grands Magasins du Louvre The Louvre Saint-Honoré building is a historic structure in Paris , occupying an entire urban block between the rue de Rivoli (across the Louvre Palace ),

576-491: Was the largest hotel in Europe, with over 700 rooms and a staff of 1,250. It provided interpreters and guides, a post office, a telegraph room and a bureau de change . Although the hotel's common spaces were spectacularly opulent, it also catered to tourists with modest budgets as well as to the wealthy. A massive stairway led from the courtyard to the table d'hôte dining room, which often accommodated over 300 diners. There

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