Friday, December 17, 2010

Let Them Eat Room Service! Palace of Versailles Opens A Hotel

In a pioneering move, the Palace of Versailles, the former palace of the French kings, is opening up a 23 room luxury hotel.  In a report out of France, a privately-owned Belgian company has contracted with the publically-owned Versailles to refurbish and open a dilapidated portion of the palace as a luxury hotel.  The Belgian company will "lease" part of the palace for 30 years, paying back part of the profits to the palace as "rent." 

The project is made possible because of a grant designed to encourage tourism to encourage development of historic sites and monuments.

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