A new luxury serviced residence has opened in the 8th arrondissement of Paris, near the iconic Avenue des Champs Elysees, Arc de Triomphe and the Place de la Concord. Operated by Singapore brand Ascott, La Clef Champs-Elysees Paris is the third property from the brand’s The Crest Collection, which comprises its most prestigious luxury serviced residences. The other properties – La Clef Louvre Paris and La Clef Tour Eiffel Paris – are also in the French capital. The Ascott, which is owned by CapitaLand, said that La Clef Champs-Elysees is “a large private residence where different facets of the Parisian art of living, gastronomy and haute couture come into play, lending a touch of elegance and glamour”. 5 luxury vegan-friendly hotels that are acing the plant-based game Later in the year, the property will house the first French restaurant by Michelin-starred Imperial Treasure, a Chinese restaurant which is also from Singapore. Here’s a look inside the luxurious property: Sitting on Rue de Bassano, the family behind Hennessy cognac built the five-storey building as its private residence in 1907. The Haussmann-style building, with its delicate and elaborate details, has been well maintained and preserved over the past century. Lee Ngor Houai, Ascott’s managing director for Europe, said that the property took two years to conserve and enhance. Why are luxury hotels going lean for the Instagram effect? Its offerings include this fragrance lounge in the lobby where guests can take a whiff of the residence’s collection of five essential oils and signature fragrance. Its design is a form of muted opulence, featuring bold shapes and accents in black and white. Among the facilities are a spacious residents’ lounge showing the same modern grandeur. There are 70 rooms, suites and duplex flats ranging in size up to 56 square metres. André Fu talks about his latest project: Hong Kong’s St. Regis hotel Room rates range from US$562 to US$1,177 per night. This suite has a nightly price tag of US$522. Luxe interior design studio Jean-Philippe Nuel was responsible for the interior design of the entire residence. The resulting work highlights the building’s architectural heritage, and preserves its authenticity and French art de vivre (art of living). 6 members-only hang-outs and hotels for the world’s movers and shakers Even the bathrooms are Parisian in style. Inspired by traditional Parisian flats, the rooms feature fireplaces, herringbone parquet floors and bookcases. Flats come with a full kitchen, Nespresso machine, dishwasher, elegant dishware and a washer-dryer. The rooms have king-size beds; most accommodate a maximum of two guests. One-bedroom and duplex flats can host up to four guests, with an additional sofa bed. How millennials are bringing Chinese heritage hotels back in style One-bedroom flats are large, and range form 42 square metres to 53 square metres, which gives guests plenty of room to wine and dine. The duplex flats have a balcony, where you can enjoy a cup of coffee in comfortable surroundings. Want more stories like this? Sign up here . Follow STYLE on Facebook , Instagram and Twitter This article originally appeared on Business Insider .