EXTENDAM and Alboran Group acquire a portfolio of eight hotels in Bourges, enhancing their market presence ahead of the city’s designation as the European Capital of Culture in 2028.
Information on the Target
EXTENDAM and the Alboran Group have announced their acquisition of a portfolio consisting of eight hotels located in Bourges, which has been designated as the European Capital of Culture in 2028. This varied portfolio includes two to four-star establishments that collectively offer 507 rooms, with plans to expand further by adding new hotels in the coming years.
The portfolio, owned by the Falleur family since 1989, will now be managed by EXTENDAM and Alboran, along with Alexandre Falleur, the son of the family's founder. Alexandre will take an active role in hotel management while reinforcing his equity stake, benefiting from the strategic expertise provided by Alboran.
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Industry Overview in France
The hospitality industry in France, especially in regions like Bourges, is experiencing a transformative phase, with an increasing demand for diverse and qu
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