Aéroports de Paris, as the owner and developer of the land, and Accor Group, through its real estate asset management division, HotelInvest, have signed building leases at Paris-Orly Airport, in the Cœur d'Orly district.
The three leases cover the extension of the existing ibis hotel (to be completed at 2016) and the construction of two new hotels: an ibis budget hotel and a Novotel (due to open in 2016 and 2017, respectively).
According to François Cangardel, Aéroports de Paris Real Estate Director:
"Paris-Orly Airport has become a very important business hub in the heart of southern Paris. The significant modernisation work currently under way will change the appearance of the airport, making it more welcoming, especially through the construction of a junction building between the south and west terminal.
At the same time, construction work has started on the first office building in Cœur d'Orly, an eco-friendly business district, one of the elements of which is the development of a 35,000 sqm hotel complex that will provide space for the development of Accor Group hotels. Besides the fact that we are adding the value to our vast land reserves, we are also significantly increasing Paris-Orly's accommodation capacity, thereby meeting the growing demand from passengers".
John Ozinga, Chief Operating Officer of HotelInvest Accor added:
"This operation is fully in line with the HotelInvest strategy, aimed at strengthening our position as Europe's top hotel investor. It allows us to invest in the economy and midscale segments in hotels meeting with high environmental quality standards (HQE). They are located in a key area that is generating excellent operating performances and promising to become one of the Grand Paris' flagship urban projects."
360 additional rooms
The three hotels, positioned in the economy and midscale segments, will increase Paris-Orly Airport's accommodation capacity by 43%. The 360 additional rooms will supplement the existing 840 rooms and provide travellers with hotels that are suitable for families, as well as business clients.
Extension of the ibis Orly Aéroport (53 additional rooms). Ibis is the benchmark in economy hotel accommodation, Europe's leading hotel chain and the fourth-largest in its category worldwide.
Construction of an ibis budget (154 rooms). Essential comfort at an affordable price: rooms for 1, 2 or 3 people, 24-hour reception and all- you-can-eat breakfast buffet.
Construction of a Novotel (153 rooms). For business and leisure travellers: spacious and adaptable rooms, balanced meals available 24 hours a day, meeting rooms, attentive staff, child-friendly areas and fitness rooms.
These new hotel developmentsare part of the Cœur d'Orly real estate programme developed by Aéroports de Paris, building upon the office and retail programme launched earlier with co-investment from the Altarea-Cogedim Group and Foncières des Régions.
Cœur d'Orly is an eco-friendly business district with tertiary living spaces, situated opposite the airport terminals in the southern Paris region's leading economic hub, that combines office building, shops and hotels with other services.
Located just 10 minutes outside Paris, Cœur d'Orly is served by multiple motorway connections and has excellent public transport links (Orlyval-RER B, Tramway T7, bus, etc.) which will be strengthened in the coming years (TSCP, TGV, the Grand Paris Express metro with lines 14 and 16, etc.).
The first phase of the programme, on a plot covering 13.5 hectares involves the construction of 160,000sqm of buildings, including 70,000 sqm of offices (spread over three buildings), 41,000 sqm of shops and services, and a 35,000 sqm hotel complex.
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