2 min studying time
Revealed on 13/07/23 – Up to date on 17/07/23
Positioned near Paris Charles de Gaulle airport, the 4-star lodge covers some 17,000 sq. meters on 5 ranges. It gives 300 rooms, 16 convention/occasion areas, a chic bar and a restaurant with terrace.
There are plans to put in charging stations for electrical automobiles within the lodge car parking zone, which at the moment accommodates over 250 automobiles. Latest renovations have already refreshed 60% of the rooms and all convention services, and additional enhancements are deliberate over the approaching years.
The lodge is leased to Marriott on a fixed-term contract with a residual time period of 13 years, providing traders a level of stability. This funding is in keeping with AEW’s technique of diversifying its portfolio and capitalizing on the long-term development potential of prime actual property belongings. AEW Patrimoine’s asset administration experience and dedication to delivering distinctive buyer experiences make this acquisition an thrilling addition to their portfolio.
AEW was suggested on this transaction by Cheuvreux, represented by Marie-Anne Le Floch and Benoît Lassalle, and by the legislation agency Gide, with Antoine Mary and Cécile Regnier. Commerz Actual was suggested by Wargny Katz and Fidal Paris.
Eastdil Secured acted as middleman for the transaction.
“This acquisition testifies to our potential to pick out belongings with engaging medium-to-long-term efficiency potential that allow our purchasers to grab the alternatives supplied by the present market cycle. In keeping with our Analysis division, European economies are persevering with to rebound from the Covid disaster, and enterprise and vacationer air journey are choosing up worldwide. Because the Paris 2024 Olympic Video games strategy, international multi-brand lodge operators akin to Marriott ought to be capable of profit from elevated worldwide arrivals within the Paris area.” – Antoine Barbier, Director of AEW Patrimoine
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AEW, an organization specializing in actual property funding and asset administration, has introduced the acquisition of the Paris Marriott Charles de Gaulle Airport lodge from Commerz Actual on behalf of the SCPI Atout Pierre Diversification managed by AEW Patrimoine.
