“This year, we will invest as much as in 2019”
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”.
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