A Beau-Arts building in Paris will add a new chapter to its century-long history when it reopens as the Peninsula Parislater this year. Under renovation since 2011, the luxury property will have 200 rooms, including 46 suites. The property is located in the prestigious 16th arrondissement near the Arc de Triomphe. It most recently served the French Ministry of Foreign Affairs, which used it to host high-profile events. This is the first European property for Hong Kong–based Peninsula Hotels.