easyHotel plc, the owner, developer and operator of “super budget” branded hotels, announces that a planning application has been submitted for the development of a 209-room easyHotel, close to Paris-Charles de Gaulle Airport, France. The Group has signed an exclusive letter of intent with Groupe ADP (owner and operator of the three main airports in the Paris region and operator of a network of 26 airports worldwide) for an operating lease agreement for the hotel. The final agreement is subject to planning permission being granted and full legal documentation being agreed.
The new-build hotel, to be developed by Linkcity, is anticipated to open in the 2020/21 financial year. The site is within the Charles De Gaulle Airport perimeter, the second largest airport in Europe with around 70 million passengers a year. It is also a short distance from the Aeroville shopping centre which includes over 200 shops, 30 restaurants and a 12-screen cinema complex as well as Paris Nord Villepinte, the largest convention centre in France.
Further details will be announced on receipt of planning permission and exchange of contracts, which are anticipated in 2019.
Commenting, Guy Parsons, Chief Executive of easyHotel plc said:
“I am delighted by the progress we have made to develop our first site in France. Paris is one of the most popular tourist destinations in the world, attracting circa 33.8 million foreign visitors a year, and the hotel will be a valuable addition to our portfolio.
“Following the recent opening of our 204-room hotel in Barcelona this project is early testament to our growing ambitions for the brand in Continental Europe. We see a number of attractive opportunities, particularly in France, Germany and Spain where the Board believes there is potential for the brand to target 10 to 15 cities in each of these countries and we look forward to announcing further opportunities in due course.”
