French Fund Extendam Acquires Sofitel Lisbon Liberdade Hotel
French fund Extendam has recently acquired the Sofitel Lisbon Liberdade hotel, marking a significant investment in the hotel industry. This acquisition is part of Extendam's strategic expansion in Europe, following the recent purchase of a hotel in Rome, Italy. The group has expressed its commitment to renovating the hotel in Lisbon, with a strong focus on sustainability. The statement released by Extendam highlights that the hotel will be updated to meet the latest standards of the Sofitel brand.
In collaboration with DG Invest, a longstanding partner of Extendam, the management of the hotel's assets will be overseen. The acquisition and renovation of the hotel are being financed through a 'green loan' provided by CaixaBank and BPI, further emphasizing the commitment to sustainable practices in the hospitality industry.
The acquisition of the Sofitel Lisbon Liberdade hotel represents a significant milestone for Extendam as it continues to strengthen its presence in the European market. The group's dedication to sustainable investments and adherence to the highest standards of the Sofitel brand are key pillars of this strategic move.
The acquisition of the Sofitel Lisbon Liberdade hotel by Extendam underscores the group's commitment to expanding its portfolio in Europe and investing in sustainable projects within the hotel industry. With a focus on renovation and sustainability, this acquisition marks a new chapter for the iconic hotel in Lisbon.
French Fund Extendam Acquires Sofitel Lisbon Liberdade Hotel
Luxury Real Estate in Lisbon: Prices Climb to Second Highest Globally
Luxury Real Estate in Lisbon: Prices Climb to Second Highest Globally
Luxury real estate in Lisbon are experiencing a remarkable surge in prices, now ranking as the second highest in the world. This trend highlights the city's growing appeal among affluent buyers and investors.
Spain Real Estate Prices Surge 11.7% in Q2
Spain Real Estate Prices Surge 11.7% in Q2
Discover the latest trends as Spain real estate market experiences its largest growth since 2007, with prices soaring in the second quarter.
New Zealand Real Estate: Rentals Surge as Prices Drop
New Zealand Real Estate: Rentals Surge as Prices Drop
Explore the latest trends in the New Zealand real estate market, where rental listings soar amid declining property prices.
UK Real Estate Market: Discounts on Short Lease Properties
UK Real Estate Market: Discounts on Short Lease Properties
Short lease properties in the UK offer discounts averaging £36,000, raising vital questions about their market viability and future trends.
Professional Landlords Turn to Multi-Unit Freehold Blocks: A Growing Trend in Real Estate Investing
Professional Landlords Turn to Multi-Unit Freehold Blocks: A Growing Trend in Real Estate Investing
Discover why professional landlords are increasingly investing in Multi-Unit Freehold Blocks, with a 14% rise in interest for 2024.