In August 2007, the Mayor of Paris began to accept applications for the renovation of Piscine Molitor. On 20 November 2007 it was announced that three different groups were competing for the role of renovating the pool complex, Colony Capital, ICADE, and GTM Construction. The mayor, Bertrand Delanoë, called for the revival of the complex without spending taxpayer money. On 30 October 2008 Delanoë announced that the group Colony Capital-Accor-Bouygues had been chosen for the project, with architects Jacques Rougerie, Alain Derbesse, and Alain-Charles Perrot. The group had been planning for a 2012 reopening of the complex, but it opened on 19 May 2014. The €64.8 million project leases the property for 54 years and includes a 4-star hotel, a health center, and a medical center, as well as retail, restaurants, and parking facilities.
