European leader of the hotel industry private equity, EXTENDAM is broadening its scope of intervention in early 2022 and will invest in a margin of obsolete hotels that will be converted into other uses. Often with an insufficient number of rooms for good hotel operations and small or non-existent common areas, these hotels will be renovated and transformed into housing, managed residences or other types of innovative housing.

In a desire to offer small living and functional areas, EXTENDAM will focus its FCPI ConvertHotel mainly on areas where the housing crisis is most acute.

Find the full article by Gaétan Pierret in Agefi Actifs