NOVOTEL AND IBIS BUDGET COMPLEX – SAINT-ÉTIENNE
Location: Saint-Étienne
Number of rooms: 161
Date acquired: June 2017
By investing in a VEFA (Vente en l’Etat Futur d’Achèvement – sale of property before completion) with Vinci Immobilier in a hotel complex comprising an 84-room ibis Budget and a 77-room Novotel in September 2017, EXTENDAM showed its commitment to the transformation of the Saint-Étienne station district. The project carried out with François-Xavier Bourgois, a recognised specialist in France’s hotel industry, is a success! The Weiss block, right in the middle of the district, has been given a new lease of life since March 2019 with the opening of these two hotels supplementing the offices, shops and housing developed on a 30,000 sq m site.