EXTENDAM has acquired the Vice Versa Hotel in Paris for renovation and repositioning into a premium boutique hotel, capitalizing on its strategic location near the Paris Expo Porte de Versailles.

Target Information

EXTENDAM has announced the acquisition of both the property and business operations of the Vice Versa Hotel, a 4-star independent establishment featuring 37 rooms, located on Rue de la Croix-Nivert in Paris's 15th arrondissement. Opened in 2012, this hotel, originally conceptualized by designer Chantal Thomass around the theme of the seven deadly sins, is set to undergo a complete renovation to align with the latest standards for upscale boutique hotels.

The Vice Versa Hotel is strategically positioned near the Paris Expo Porte de Versailles, the largest conference and exhibition center in Europe, attracting over 7.5 million visitors annually for 200 events. The surrounding area is undergoing significant transformation and development, including the construction of Tower Triangle, which will introduce 80,000 square meters of office space and create approximately 5,000 jobs, thereby enhancing the local attractiveness and fostering a new commercial avenue. Well-served by public transport options, including metro, tram, RER, and major roads, this mixed-use residential area boasts a rich density of services, retail, and cultural amenities, such as the Dôme de Paris – Palais des Sports.

Industry Overview

The boutique hotel market in Paris is experiencing a robust growth trajectory, with positive trends expected to continue into 2025. According to a July 2025 report by MKG, small luxury hotels in the city are achieving an average occupancy rate exceeding 83%, a notable increase from 2024 figures. Additionally