The project involves a six-story complex on André Morizet Avenue. Its aim is to transform what was once a hotel, then an office building, into a 3-star upscale residence with 41 serviced apartments.
Raphael Madar, CEO of Groupe WS, explains: “This project responds to an entirely new demand: that of workers who have moved to the provinces and are seeking a regular foothold in Île-de-France, which is more personal than a traditional hotel“.
Other similar projects, co-signed by EXTENDAM and Groupe WS, are expected to emerge soon. John Hewitt, real estate manager at EXTENDAM, says: “We are looking at a number of cases. Our strategy of transforming old hotel assets or obsolete office buildings is more relevant than ever. The idea is to expand this offering not only in Île-de-France but also in other regions“.