Our news
Our latest news
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.
REDMAN, in collaboration with the architectural firm Naud et Poux Architectes, has recently delivered the “Villa Iéna” project located in the 16th arrondissement of Paris. This project includes 2,700 sqm rehabilitated on behalf of Union Investment.
The mansion, built between 1883 and 1884, has been carefully restored. The work respected every original architectural element while incorporating contemporary elements to meet current requirements.
To achieve its low carbon impact goals, the project finely tuned its energy renovation and reuse approaches. It aims for HQE and BBCA environmental labels. The courtyard transformed into an agricultural greenhouse and the green terraces additionally provide refuges for wildlife in all seasons. These spaces bring a touch of nature to the heart of the city.
Acknowledging the trust shown by Union Investment, Nicolas Decloquement, Deputy Managing Director of Operations at REDMAN said: “The success of this complex rehabilitation operation is the result of close collaboration between the REDMAN teams and their partners who showed tenacity and unwavering commitment at all stages“.
Read the full article by Elena Jeudy-Ballini in Le Journal du Grand Paris
🏨EXTENDAM, in collaboration with 123 IM and their co-investors, announces the sale of three Mercure hotels to their operating partner and co-investor somnOO. Located in North Rhine-Westphalia, in Hagen, Hamm, and Lüdenscheid, these hotels, totaling 458 rooms, have performed excellently throughout the investment cycle, achieving an IRR in line with expectations.
Acquired in 2018, these 4-star hotels offer large meeting spaces and multiple food and beverage outlets. This transaction demonstrates the strong potential for value creation in the hospitality sector.
🤝 The sale of this robust portfolio to somnOO confirms EXTENDAM’s commitment to value-add investments in European hospitality. Despite the challenges posed by the COVID period, the teams ensured solid performances, thus validating the initial investment strategy.