July 14th, 2025

is increasingly establishing itself as a top-choice sector for major fashion players, whether fast or slow. After , which recently began selling real estate properties, and , which occasionally treats itself to a hotel or restaurant, it is now turn—the co-founder of and founder of fast fashion giant —to continue his real estate shopping spree. Considered the richest man in Spain, he has just purchased the in Paris, located near the Palais Garnier, for $113 million (or €97 million), marking his second acquisition in France in the past year.

Through his company , Ortega manages one of Europe’s largest real estate portfolios, estimated at over last year. He owns numerous prestigious buildings from New York to Madrid to London. Among other properties, he owns the flagship Tiffany & Co. store in San Francisco, the Crespa Tower—one of Spain’s tallest skyscrapers—and the Adelphi Building in London. The Hôtel Banke in Paris, with its historical significance as a turned five-star hotel, fits perfectly into the real estate strategy of Europe’s second-richest man and Spain’s wealthiest, according to the Bloomberg Billionaires Index.