EXTENDAM sells Dispute Inn Didot Montparnasse after winning repositioning
2 min reading time
Published on 05/03/25 – Updated on 05/03/25
EXTENDAM has done the sale of the 82-key Dispute Inn Didot Montparnasse, marking the conclusion of a strategic funding cycle centered on impress advent. Situated in Paris’ 14th arrondissement, the aparthotel underwent a metamorphosis to strengthen its positioning within the market, aligning with evolving guest expectations.
Strategic transformation and market repositioning
Obtained in Might maybe per chance 2021 by funding funds managed by EXTENDAM, in partnership with SOHOMA, the property beforehand operated below the Citadines price. A total renovation concept used to be implemented to modernize the power and elevate its market standing.
– Renovation timeline: Work began in September 2022 and concluded in June 2023, upgrading the property to satisfy Marriott requirements below the Dispute Inn price.
– Idea and compose enhancements: The transformation retained the aparthotel concept, catering to each change and leisure vacationers. Frequent spaces had been redesigned, making improvements to efficiency and developing a warmer, more bright atmosphere.
– Expanded products and services: A 24/7 snack carrier and optimized salvage admission to to the interior backyard additional enhanced the guest ride.
“This sale is a actually most attention-grabbing illustration of our capacity to name excessive-attainable resources, remodel them in a centered system and optimize their impress in a dynamic market ambiance. Thanks to a winning transfer upmarket and modernization of the spaces, we and SOHOMA’s teams had been ready to reposition this establishment to satisfy the expectations of a tense clientele, whether or now not change or leisure”,- Cécile Leclerc and Maxime Durand for EXTENDAM.
Paris aparthotel market: A resilient and rising sector
The 14th arrondissement affords a strategic location, with direct connectivity to Gare Montparnasse, key change hubs, and cultural landmarks. This has strengthened quiz for versatile accommodation, appealing to each company vacationers all the plan via the week and leisure guests on weekends.
The Paris aparthotel sector stays highly resilient, supported by:
– A diverse customer sinful guaranteeing accurate quiz across economic cycles.
– The event of the “bleisure” pattern, merging change and leisure stays.
– Elevated world visibility from occasions love the 2024 Olympic and Paralympic Games, additional boosting investor hobby.
Sale and monetary efficiency
EXTENDAM equipped the property to SOHOMA, its operational accomplice, which is securing contemporary financing whereas asserting management of the asset. The transaction aligns with a solid market ambiance, turning in an Inside Rate of Return (IRR) of roughly 15%, meeting funding targets.
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