EXTENDAM completes the sale of ibis Paris Tour Montparnasse
📍 The ibis Paris Tour Montparnasse hotel, located in the Montparnasse district near France's busy train station, maintained strong performance due to strategic location and brand recognition. Acquired in 2019, it underwent significant renovations but stayed operational. Despite a 2020 drop in occupancy, it rebounded with rates over €100. EXTENDAM achieved over 10% IRR on its sale, reflecting successful asset management. EXTENDAM also sold other properties in Paris, Grenoble, Saint-Étienne, and Valence in 2024.
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