The George V was established in 1928. The 245-room hotel occupies a prominent site in the centre of Paris. The George V Hotel was acquired in December 1996. At the time, the hotel was in need of substantial refurbishment, and was considered by KHC to be undervalued based upon its belief in its redevelopment potential. Following the acquisition, the hotel was closed and underwent significant repairs and renovations. The hotel was re-opened in 2000 under the management of Four Seasons. A 25 percent interest in the hotel was sold to KHI in 2006 for $95.5 million. In addition, approximately $300 million of proceeds was realised from a refinancing of the hotel in 2006. Through these transactions and cash dividends received from the hotel, the initial capital investment in the George V Hotel has more than been recovered.

The George V Hotel is currently focused on maximizing its occupancy rate and its already higher-than-peer average rates to create additional incremental value. In addition KHC believes that the George V Hotel presents strong retailing and branding opportunities, including the potential to offer products and offerings under the George V brand name.