(ANSAmed) - PARIS, JUNE 22 - The mythical Martinez Hotel on the Cannes Croisette has also passed into Qatari hands: and so the love (and money) story of the rich Gulf emirate and the beauties of France continues. Qatar now owns Paris' favourite football club, Paris Saint Germain, and holds a stake in several blue-chip names in French business such as Total. This latest purchase, which has been revealed today, involves the two prestigious grand hotels: the Martinez in Cannes and Paris' Concorde Lafayette at Porte Maillot. The first building, an art-deco piece that went up on the Cannes seafront in 1927 is one of the most favoured hotels by world-class stars as they arrive in Cannes each year for the festival of cinema. The second is a 33-storey skyscraper that rises 137 metres into the clouds above Paris, whose entrance is next to the large Port Maillot Congress Centre in the west of the city. The preliminary agreement has been signed with the US hotel group Starwood Capital. The name of the deep-pocketed investor remains a mystery for the present but some sources are speaking of Katara Hospitality, the owner and manager of serveral luxury hotels in the Emirates and worldwide including the Peninsula, due to open in 2013 in Paris' Avenue Kleber. But these two prime properties are not the only French luxury hotels in Qatari hands. There is the Royal Monceau in Paris, near the Arc de Triumph and in Cannes the Carlton has a Qatari owner. The Gulf Emirates recent shopping spree for French football clubs has seen them basketing PSG, the Paris club, as well as the television rights for Ligue 1 through the company BeIn, as sports-specialised French subsidiary of Al-Jazeera. In the French manufacturing sector, Qatar holds 2% of oil group Total; 5.6% of construction company Vinci; 5% of services group Veolia Environnement and 7.5% of aeronautics constructor EADS. Recently, Qatar has also been buying its way into the Lagardere publishing and multimedia group (10.1%) and have launched a campaign to upgrade Paris' banlieue with a 50-million-euro project financing scheme. Emir Hamad ben Khalifa Al-Thani was greeted with kisses and embraces by President Nicolas Sarkozy on his visit to the Elysee Palace and according to a survey by Slate.fr, Mr Al-Thani owns a huge 4,000 metre slice of the Parisian Marne-la-Coquette region.(ANSAMED).