The hotel is income-producing asset located at 219 rue de Crimée in Paris XIX. it was formerly part of a large Balladins-hotel portfolio which was sold in 2014 to the current owners, a SCPI fund for the property asset and a local hotel operator for the operation (Fonds de Commerce).
Located 5-minute walk from the subway and 25- minute drive from Roissy-CDG
More than 1 million € in Revenue with a strong brand
Acquisition before the Olympic Games
An attractive entry price for Paris for 750 sqm
The asset is a 6-storey building with 750 sqm and 40 rooms equipped with bathrooms
Size: 40 rooms, 820 m²
Rating: 3 stars
Booking rating: Low at 6.1/10
Staff: 8, including a manager with 12 years of experience at this hotel
Renovation budget: €1.5M
ESG target: Achieve BREEAM Good certification
• Financing the acquisition
• Financing all the costs relating to the transaction and the assets
• Financing the operating expenses