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France: The Student Hotel group, operator of hybrid co-living, co-working hospitality and student accommodation, will open a 354-room property in Toulouse.
The project will be a partnership with Icade Promotion and Ynov Campus.
The Student Hotel will open its first French hotel and student co-living destination outside Paris on 1 Rue Sebastopol, Toulouse. The hotel will face Place de l’Europe, next to Toulouse Business School and walking distance from Toulouse city centre. Refurbishment by Icade Promotion of the 10,870 square metre Student Hotel will start early 2019 (Q1) and the opening is planned for spring 2021.
The Student Hotel Toulouse will take over the historical Compans-Caffarelli barrack location originally developed in 1851. Two new buildings will be built just in front of the existing location.
The Student Hotel Toulouse will consist of contemporary hotel rooms and co-living studios for students, young professionals, international travellers and entrepreneurs. The ground floor has been designed to be open and inviting to the public and local community. It will include a wide variety of services such as study and gaming areas, meeting rooms, a restaurant and bar, and a gym. The design will integrate a rooftop with a swimming pool to boost the vibrant experience of our guests and residents.
Denis Montrelay, The Student Hotel’s director of investment, said: “We are very excited to be able to open a TSH in Toulouse. The location in Toulouse fits perfectly with our ambition to regenerate fundamentals area and create a vibrant heart which will address the needs of both the locals and international community ensuring Toulouse is a key destination in our European network”.
The acquisition is in line with The Student Hotel group’s strategy to develop high-quality, mixed-used accommodation in major European cities to meet the demand and new way of living and working of students, young professionals, international travellers and entrepreneurs. Following this acquisition in Toulouse, The Student Hotel group is now looking for other (re)development projects in French cities such as Paris, Bordeaux, Marseille, Lyon, Lille, Nantes and Montpellier to further build the French portfolio.
The Student Hotel was advised on the operation by Orfeo Développement, Ginisty & Associés notary office and Lacourte Raquin Tatar law firm. Icade was advised by Marechal Leclerc notary office and LIGL law firm.
The Student Hotel Group has 4,392 rooms in 10 hotel locations including Rotterdam, Amsterdam (two locations: City and West), The Hague, Groningen, Eindhoven, Maastricht, TSH Campus in Barcelona and as The Student Hotel Paris in France. The Student Hotel Florence, Bologna and Dresden will open in 2018, Madrid, Berlin and Delft open in 2019. Rome and Vienna open in 2020. Toulouse will open in 2021. The group plans to have 41 properties (17,550 rooms) in the major European cities by 2021.
