Taking footsteps into the Hotel sector in Paris, watch and jewellery brand Chopard recently announced buying the company Union Hôtelière Parisienne which owns a Parisian hotel Hôtel de Vendôme, reports say. This five-star facility has been home to luxury brands, with Chopard featuring on the ground floor. It’s location, 1 Place Vendôme is popular destination for shopping, hotels and jewelry and watches, reports say. Chopard, according to reports is also considering further investments in the hotel business.