Mövenpick Hotels & Resorts will take over the Courtyard by Marriott Paris Neuilly from January 2013.
The hotel is situated on Boulevard Victor Hugo in Neuilly and the futuristic corporate centre of La Défense.
A 'multi-million-euro' renovation of the hotel is scheduled to take place next year increasing the number of rooms to 282 including 29 suites.
All rooms and bathrooms will undergo a contemporary redesign. The hotel will continue to be open throughout the floor-by-floor renovation, which is billed for a 2014 completion date.
The hotel features 20 meeting rooms offering 1,100sqm of space.
President and chief executive officer of Mövenpick Hotels & Resorts, Jean Gabriel Pérès, said: "We are very proud to be given the opportunity to manage this very fine property and see great potential in its future. The hotel complements our brand perfectly with our focus on customer-focussed hospitality, quality and culinary expertise. Paris is a key strategic market for our company and a great addition to our expanding portfolio. As someone who is Paris-born, I am personally very passionate about making this hotel the place to be."