Extendam and Vicartem Acquire Hotel de Bourgogne, Nantes, France
Main Photo: Hotel de Bourgogne, Nantes
Date: September 2021
Name: Hotel de Bourgogne – To Reopen 2023
Location: Nantes, France
Number of Keys: 38…to extend to 60
Seller: TBA
Buyer: Extendam in partnership with Vicartem
French private equity firm Extendam, in its first joint venture with Rennes-based property management company Vicartem, have acquired the 38-bedroom Hotel de Bourgogne in Nantes, for an undisclosed sum.
The two-star 38-bedroom property has been closed since June 2020 and is set to undergo an extensive renovation and an expansion that is set to be concluded by 2023. The hotel is planned to reopen as a three- to four-star lifestyle property in a district that has continued to renew itself since the beginning of the year. Delivery of the forecourt and of the new Nantes station, apparently won over investors.
The up-grading and refurbishment of the hotel will increase the number of keys to 60 whilst the hotel will also offer a range of “light but quality” catering. This will be Vicartem’s second location in Nantes,
Vicartem Hôtellerie, a subsidiary of the Vicartem group, founded by Céline and Sébastien Meslin, will operate the property. The hotel, located next to Nantes SNCF railway station, marks Vicartem’s second engagement in Nantes (after the 4-star Maisons du Monde hotel on rue Santeuiland) expands the group’s hotel management portfolio to eight properties.
THPT Comment: Interesting tie-up, Extendam, with 260 hotels and €2.4bn AUM partners with Vicartem, a high-quality private management company with just eight hotels
First Seen: Hospitality On
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