Ultra-luxury US group Rosewood Hotels & Resorts is to manage the Hôtel de Crillon in Paris.
The property is currently closed while it undergoes restoration lasting two years and is due to reopen in 2015.
Originally built in 1758, Hôtel de Crillon overlooks Place de la Concorde and has stood through the reign of two French kings, the French Revolution, the rise and fall of the Napoleonic Empire and the birth of the League of Nations.
The restoration will add a “contemporary polish” to the hotel while remaining respectful of its traditions and faithful to its character.
The announcement follows the opening of Rosewood London in October as part of a global expansion plan with a particular focus on Europe and Asia.
Hotels in Beijing, Riyadh and Baha Mar are set to open in 2014 with further openings already announced including Phuket, Bali and Bangkok.
Rosewood president Radha Arora said: “Hôtel de Crillon is more than just one of the world’s most majestic hotels. It is a landmark that personifies the poise, elegance and spirit of Paris.
“We strongly believe that the hotel aligns perfectly with Rosewood’s core ethos of ‘A Sense of Place’ and we look forward to drawing upon our expertise and experience to help write the next chapter in the history of this iconic property.”