The Golden Triangle
The Golden Triangle is part of the Champs Elysees district of the 8th arrondissement of Paris. It is a Parisian district bounded by Montaigne Avenue, Champs-Elysées and George-V Avenue. It is home to wealthy families and housing luxury stores, businesses and offices; including hotels such as Fouquet’s, Four Seasons-George V, Prince de Galle on Avenue George-V, the Plaza Athénée and the Champs-Élysées Theater on Avenue Montaigne and the Crazy Horse Saloon on George-V Avenue. The head office of LVMH, the famous world leader in major cosmetic, perfumes, spirits and leather goods brands is also located in the Golden Triangle, on Montaigne Avenue.
The district extends over a dozen hectares. The price of real estate per square meter is estimated between 20,000 and 30,000 Euros.
Southeast of Avenue Montaigne extends the small golden triangle, articulated around the Place François Premier and bounded on the south by the Seine and the Court Albert Premier, on the north by Rond-Point Champs-Élysées and to the east by Franklin Roosevelt Avenue. The price of real estate is on average slightly higher than that of its neighbor, making this sector one of the most expensive of Paris.
Avenue George-V is one of the most prestigious addresses in Paris. There are indeed luxury shops, but also palaces, restaurants and nightclubs. The most famous of them are the George V Hotel, famous palace of the capital in Art Deco style, and the Prince De Galle Hotel the Crazy Horse Saloon, one of the most famous Parisian cabarets. The avenue also hosts embassies and Luxury Fine Food stores and restaurants.
The 8th arrondissement
The 8th arrondissement is both a tourist hotspot and one of those where the upper middle class lives. It hosts many shops and luxury hotels, but also many financial institutions. It is also a place of power, since it includes the Elysée Palace, the presidential palace and the Ministry of the Interior headquarters.
Here are some facts and figures to illustrate the reputation of the 8th arrondissement as a hotbed of chic, luxury and the bourgeoisie:
- 4 of the 7 recognized Parisian palaces are in the district: The Bristol, Hotel Crillon, Four Seasons George V and Hotel Plaza Athénée.
- Most highly reputated Parisian restaurants are located in the borough: Alain Ducasse, Ledoyen and Pierre Gagnaire in addition to Taillevent and Hôtel George V restaurants.
- Luxury and haute couture boutiques stretch along the tracks such as Faubourg-Saint-Honoré, Avenue Montaigne, or the Champs-Élysées.