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🏨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.
Today, 2 billion people do not have permanent access to drinking water. To address this issue, Helio Water offers a 100% autonomous system that uses only solar energy to naturally transform a wide variety of water, including seawater, into pure water.
Inspired by the natural water cycle, Helio Water uses the principle of solar distillation to provide up to 10 liters of drinking water per day, meeting the needs of a family of 5.
Congratulations on this beautiful innovation!
REDMAN delivers Villa Iéna, an ambitious and complex rehabilitation project of more than 2,700 sqm located in the heart of the 16th district of Paris. This project, carried out for Union Investment Institutional in collaboration with the architectural firm Naud et Poux Architectes, stands out for its unique approach combining heritage enhancement, contemporary innovation, and environmental respect.
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. The trust shown by our client, Union Investment, to carry out this project in a particularly constrained context is a testament to our listening and commitment to making 60B Iéna the embodiment of a demanding, value-creating, and sustainable response“.
🔹 Main characteristics of the project:
➡ Working with the existing: built in 1883, Villa Iéna has been transformed while preserving its original architectural elements, such as the stone facade and herringbone parquet floors.
➡ Environment: the project aims to obtain HQE and BBCA labels for its energy performance and low carbon impact, incorporating sustainable renovation techniques and innovative site management.
➡ Circular economy: an ambitious reuse policy has been implemented, allowing many materials and equipment to be given a second life.
➡ Social inclusion: 8% of the hours worked on the site were performed by people in integration, with workshops organized to facilitate professional integration.