EXTENDAM, Schroders Capital and Cèdre sold the Eiffel Blomet, a 4-star boutique hotel with 87 rooms to La Financière M.P. Landowski.
Since the acquisition of the hotel in June 2018, the team has worked hard to position this hotel on the Parisian market. The implementation of an effective revenue management policy, coupled with fine cost management, made it possible to significantly increase the performance of this hotel during the holding period.
“We are proud of the work carried out since 2018 by all the teams. This work has enabled the establishment to achieve remarkable performance, including during the health crisis, where, thanks to its strengths, the hotel has maintained a more than satisfactory level of activity and profitability”, adds Jean-Marc Palhon, EXTENDAM president.