25hours to open Paris property in 2018

George Sell George Sell Uploaded 02 February 2017

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France: 25hours hotels will open its first property outside of the German-speaking countries in summer 2018.

France: 25hours hotels will open its first property outside of the German-speaking countries in summer 2018.

The company currently operates eight hotels in Germany, Austria and Switzerland.

It has signed a long-term management contract for the 25hours Hotel Terminus Nord in Paris. The hotel was acquired by the Asian investor Hua Kee in 2014 through global real estate investment manager Invesco Real Estate. Hua Kee, a Thai family office, owns and operates several hotels in south-east Asia and Australia.

The Paris property is its first hotel investment in Europe. The negotiations for the first hotel management contract for 25hours Hotels were conducted by Invesco Real Estate.

Hans-Peter Hermann, director of hotel asset management at Invesco Real Estate, said: "We've been successfully investing and supporting major clients, such as Hua Kee, in the hotel property sector for over ten years and remain confident in the sector as an attractive real estate investment. The repositioning of the property in Paris as one of Europe's trendiest hotels is a unique project, and we're looking forward to collaborating with 25hours."

The building on the forecourt of the Gare du Nord was constructed in the 1860s, shortly after the station opened, and is currently operated as a Mercure hotel. The restaurants and shops at street level will remain unaffected following the change in operator. The hotel has 236 rooms and will be completely renovated in two stages by the local architectural practice, Axel Schönert Architects, starting in spring 2017.

The first 141 rooms of 25hours Hotel Terminus Nord and large sections of its public areas are expected to open in summer 2018. The completion of the entire hotel, restaurant and bar is scheduled for spring 2019.

"The staggered conversion while the hotel remains open for business is of course a challenge. However, our Vienna hotel has already shown that this can also give rise to rather creative pop-up concepts. In any event, guests will enjoy an all-round 25hours experience from day one," said 25hours CEO, Christoph Hoffmann.

In autumn last year, AccorHotels bought a 30 per cent stake in 25hours, with an option to buy the entire company.

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