Canopy by Hilton, Hiltons (NYSE: HLT) lifestyle hotel brand, today announced the signing of a development agreement and a long-term lease between Novaxia Investissement and Dutch hotel operator Borealis Hotel Group for the 150-room Canopy by Hilton Paris Quartier Latin. The hotel, which is expected to open at the end of summer 2022, will be located on rue Lacépède, near Place Monge, Jardin des Plantes and in the heart of the Latin Quarter one of Paris most diverse and culturally rich districts.
Canopy by Hilton Paris Quartier Latin will occupy a renovated, historical mansion with an Eiffel-style industrial roof and a new seven-floor building and will offer a range of features, including a restaurant, bar, a tearoom and a fitness centre.
Patrick Fitzgibbon, senior vice president, development, EMEA, Hilton, said: With the first property opening near Trocadero in 2020, introducing the second Canopy by Hilton hotel to Paris, the first on the Left Bank, is a significant milestone in our French expansion plans. Already one of the worlds most-visited cities, Paris is enjoying a surge in tourism recording close to 40 million visitors in 2018, with demand set to increase. Canopy by Hilton Paris Quartier Latin creates the ultimate Parisian experience. It is perfect for exploring this charming neighbourhood, and its central location is ideal for those who want to search out Paris cultural sites, gastronomic adventures and all that this remarkable city of light has to offer.
Nature will be anchored in the Canopy by Hilton Paris Quartier Latin with an ambitious landscaping component: a vegetated facade with climbing plants, a garden on the ground floor and green terraces. The project is part of a BREEAM certification process.
The rehabilitation of this obsolete complex began in September 2019 and is expected to finish in summer 2022. The new hotel will be inspired by the numerous tourist sites that surround the project and will offer top-of-the-range services for international tourists as well as local neighbours.
This project highlights Novaxia Investissements ability to offer to its clients complex and outstanding operations, usually led by institutional investors, said David Seksig, deputy director, Novaxia Investissement. The development is the eighth hotel project developed by the funds managed by Novaxia Investissement and reflects the expertise of the teams in this asset class. Novaxia Investissement has been advised by the Avocats White & Case law firm.
Lodewijk van der Meulen, co-founder of Borealis Hotel Group added, We are very excited to expand our foothold in the Parisian region to three hotels. We see the Canopy by Hilton brand as the perfect addition to Paris city centre and our portfolio. Borealis and Hilton have been working on numerous developments across Europe together and we very much value the strong and trusted partnership we have formed over the years.
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