Amancio Ortega, founder of Inditex and of Zara, has expanded his real estate holdings with the acquisition of Hotel Banke in Paris for €97 million. This transaction marks the latest in a series of ...

The five-star hotel acquisition is a rare hospitality play for the Zara founder and Spain’s wealthiest individual.

Fashion billionaire Amancio Ortega bought a hotel in Paris for €97 million ($113 million), the Zara brand founder’s second ...