Home / Press & Media / Investor News / Kingdom Holding’s George V Awarded Palace Rating

Kingdom Holding’s George V Awarded Palace Rating

October 4, 2011

HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC) said that “This is another historical achievement for the number one hotel in the world: George V” as Paris`s Four Seasons Hotel George V was awarded the Palace rating by The French tourism authorities.

The George V`s luxurious and elegant interior and architectural design has made it unique. The décor is a combination of classical designs with a modern touch. The hotel`s interiors are adorned with magnificent tapestries and spectacular flowers. The hotel houses the famous Le Cinq restaurant that is directed by Mr. Eric Beaumard, Director of Le Cinq and Silver medal winner of the world`s best sommelier championship. Receiving two Michelin stars and other awards that Le Cinq has earned are a testament to all the hard work and passion that the restaurant team put into a unique and common goal: providing guests with an exceptional experience.

The George V has received numerous recognitions: In 2010, the George V was ranked Best City Hotel Worldwide in Ultratravel magazine, the hotel was also ranked Best International Business Hotel by Conde Nast Traveler in 2006, “When it comes to catering for business travelers, hotels are finding that convenience and flexibility count as much as luxury. Paris`s Four Seasons Hotel George V … will send a representative to greet you at the plane and expedite your way through customs,” described the survey.

Furthermore, the George V was ranked Best City Hotel Worldwide for 8 consecutive years, and ranked Best European City Hotel in Europe for 10 consecutive years in Gallivanter`s Guide, the hotel was also ranked the World`s Best International City Hotel in Andrew Harper`s Hideaway report 2008 and Best International City Hotel in Andrew Harper`s Hideaway report in 2005. The George V has also been rated the world`s number one hotel by the ZAGAT Survey in its 2004 Top International Hotels, Resorts & Spas edition. The Survey described George V as a “jewel in the Four Season`s crown” with its elegant rooms, magnificent views, fsouvenir-quality bathroom amenities, outstanding spa and sublime staff. The hotel was also ranked World`s Best Hotel in the same year, in the Institutional Investor.

In September 2002, L`hôtellerie magazine published a report entitled: “Four Seasons George V Hotel Best Luxurious Hotel in the World in 2002-2003.”

In March of the same year, Forbes Global published a survey of 25,000 executives who frequently travel to international destinations. The number one choice of these sophisticated travelers was the Four Seasons George V Hotel in Paris.

Prince Alwaleed acquired the George V in 1996 for $178 million. A two-year $125 million comprehensive renovation was started in December 1997. The total cost of acquiring the hotel and renovation amounted to $303 million, reflecting the Prince’s dedication to restore the glory of this landmark.

Since its reopening in December 1999, the Four Seasons George V has become internationally-renowned for its top notch services. When the hotel reopened Prince Alwaleed commented saying, “I am confident that the George V with its new look will be the crown jewel of hotels in the world. Great efforts have been exerted to offer the best luxury services. I am sure that guests of the George V will experience unparalleled service.”