Our latest news
EXTENDAM seizes an investment opportunity in Spain
EXTENDAM takes over the construction of a new 230-room economy hotel in Spain on a unique location in the hypercentre of Madrid. This operation is the result of an opportunity that arose during the lock down that EXTENDAM has been able to realise under interesting conditions with one of the main hotel operators in Spain: Continuum Hospitality Group. Construction work will start again in November 2020 and the hotel should open after the health crisis, at the end of 2022.
Jean-Marc Palhon, President of EXTENDAM, explains: “Spain is the 2nd most visited country in the world after France, ahead of the United States. It is one of the European territories where it is still possible to develop new hotel projects with confidence because of its real market depth. Real estate reserves are certainly constrained there, but much less than in France, Great Britain, Germany or Italy, thus creating the right conditions for the development of new construction or refurbishment projects. These conditions are also amplified by specific Spanish factors, especially economic ones, favorable to investment in the hotel sector, as attendance and investment constants that should keep on going after the health crisis, when the hotel will open in two years’ time“. Read the complete press release
[BONI.D] M. Moustache: a new life for our shoes
A French consumer wears an average of 6 pairs of shoes per year and 95% of them will end up in the trash without being recycled. A French brand, M. Moustache is well decided to change the shoe industry. To achieve, the enterprise focuses on two main objectives: transform the manufacturing process by using recycled shoe materials and educate consumers by inviting them to drop off their old pairs in a wide range of shops. A year ago, M. Moustache created his own sole from used shoes and called it [re]colt. With its 5 shops and more than 250 retailers, the sustainable brand founded in 2012 by Guillaume Alcan, Thibault Repelin and Antoine Vigneron, has already come a long way, and we wish they will not stop. Congratulations M.Moustache!
Hotel business in progress but still low compared to usual periods
Thanks to a domestic clientele, the hotel activity continued to progress during the summer but remains below its usual performance according to the 6th edition of the monthly EXTENDAM barometer, analysing the Covid-19 impact on sector in Europe.
Vianney Lautrous, Asset Management Officer for EXTENDAM explains: “Some regions are doing well, notably Pays-de-Loire, Auvergne and Rhône-Alpes, even if they did not received a large international clientele, absent due to air activity almost stopped. France has thus maintained and strengthened its status as the leading tourist market in the world despite the very difficult contexte, but nevertheless recorded a business decline compared to usual activity”.
Read all the results of the EXTENDAM Barometer updated on September 15 on Business Immo website along with interviews of Vianney Lautrous, André Juillard, Managing Director – Travel, Hospitality, Leisure & Catering at Deutsche Bank and Jean-Louis Boss, Chief Marketing & Digital Officer at D-Edge.