EXTENDAM and SOHOMA have acquired the Hôtel des Théâtres in Paris, planning significant renovations to enhance its appeal as part of the Orso Hotels collection.

Target Information

EXTENDAM and SOHOMA have jointly acquired the property and business of the Hôtel des Théâtres, an independent 4-star boutique hotel located on Rue de Cléry in the vibrant 2nd arrondissement of Paris. Following a renovation period of six months, the hotel, which features 38 guest rooms, will be integrated into SOHOMA's Orso Hotels collection, marking a significant addition to their portfolio. This acquisition is part of their strategy for hotel club deals, facilitated by the strong support from EXTENDAM's distributor partners, which include both banking networks and wealth management advisors.

Industry Overview in France

The French hospitality sector has been on a recovery trajectory following challenges posed by the pandemic, spurred by a resurgence in tourism. The Hôtel des Théâtres, situated in a prime area of Paris, is strategically positioned to capitalize on this revival, particularly with events such as the Olympic and Paralympic Games in 2024 attracting visitors to the city. The boutique hotel segment in France continues to grow, catering to travelers seeking unique, personalized experiences.

The dynamic nature of the Parisian market, characterized by its blend of cultural and historical attractions, has made it a top destination for both domestic and international tourists. Th