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The latest health measures in France and worldwide have certainly had a smaller impact impact on the hotel industry in France than the the first lockdown but have nevertheless led to the closure of 30% of hotels. The budget and economic ranges showed once again a great resilience with occupancy rates above 40% in regions and the potential arrival of a vaccine are very positive signs. This strengthens EXTENDAM investment strategy. The company will indeed still and always invest in a market which will be pulled by its fundamentals in the very near future.

Restaurants, tourism, rail, air and pedestrian flows, operational, financial and stock market analyses… Find out the update results of the EXTENDAM Barometer in partnership with Business Immo.

Jean-Marc Palhon the Chairman of EXTENDAM was recently interviewed by Jean-Denis Errard on the state of hotel investment market. Despite a stressful economic climate, he explains the resilience of the invesment ground of the management company (low budget and mid-range hotels for corporate clients) and the relevance of its strategy consisting in acquiring walls and business assets.

His advice: “beware of the magnifying glass effect and take a step back”. EXTENDAM will indeed be able to capture the interesting entry points into this buoyant long-term market over the coming months. “This year we will invest as much as in 2019, but with an additional requirement to remunerate the uncertainty”.

Find the complete article in the current issue of Gestion de Fortune.