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EXTENDAM, in collaboration with SOHOMA International and 123 Investment Managers, recently acquired Navarra Hotel in Bruges. This 4-star establishment, featuring 94 rooms and remarkable heritage, is ideally located in the historic center of the city, often referred to as the Venice of the North.
Renovation work is planned for 2025 to enhance the visitor experience while preserving the authentic charm of this fourth acquisition for EXTENDAM in Belgium.
Matthieu de Lauzon, EXTENDAM, explained: “This new acquisition, with our partners SOHOMA and 123 IM, completes our hotel portfolio in Belgium. It is our fourth acquisition in this European country, and new operations are under consideration. This establishment charmed us with its unique heritage character and premium positioning within the city of Bruges. Close to the French and Dutch borders, the Venice of the North indeed has an ideal location, just 1 hour from Brussels, 2 hours and 20 minutes from Paris, and 2 hours and 50 minutes from Amsterdam or London. This fourth employment zone of Flanders also has direct access to the port of Zeebrugge, providing a major economic and tourist advantage“.
EXTENDAM thus continues to build a very strong hotel portfolio in Europe.
Organized by Archistorm, this unmissable fair dedicated to innovative materials for architecture, design, decoration and interior design is coming back in October! This year, an immersive journey of over 700 sqm will connect industrials and craftsmen in a space designed to stimulate imagination and reveal potential. The agenda gathers meetings, discussions, and workshops for an enriching exploration of materials.
Annabelle Ledoux, founder of Les Grandes Idées, will once again have the pleasure of hosting a series of roundtables on the power of materials!
Join us on October 15 and 16, 2024, at Atelier Richelieu, 60 rue de Richelieu, Paris 2nd.
The hotel industry has been experiencing impressive growth dynamics since the end of the pandemic. Room rates are rising significantly due to high demand.
Jean-Marc Palhon, Chairman of EXTENDAM explained: “Occupancy rates and prices are today very high across Europe. Trends will probably evolve in the next 12 to 18 months. If interest rates decline continues, many investors will be less concerned and will have easier access to credit, which will increase asset values“.
To fully capitalize on the potential of the hotel industry, investing in real estate private equity funds is an attractive option. By combining investment in the property and business asset, investors can benefit from rental income and potential capital gains from the business, with returns that can reach double digits.