EXTENDAM has acquired a 770 m² office building in Boulogne-Billancourt to convert it into a Work & Sleep residence, featuring 41 serviced apartments aimed at mobile professionals, set to launch in 2024.
Target Information
The target of this acquisition is a 770 m² office building located on Avenue André Morizet in Boulogne-Billancourt. EXTENDAM aims to initiate an urban redevelopment project in collaboration with its new partner, the WS Group, and its brand Work & Sleep. The plan is to completely transform this underutilized and outdated office building into a Work & Sleep residence, which will offer accommodation tailored for both short and long-term stays, featuring a corporate DNA. By 2024, the revamped property will boast 41 serviced apartments.
Industry Overview in France
The hospitality sector in France has been evolving significantly, driven by the increasing demand for flexible accommodation solutions. The rise of remote work and the growing number of mobile professionals have created a niche for hybrid lodging options that blend hotel and apartment features. This shift is particularly pertinent in urban centers like Boulogne-Billancourt, which are increasingly attractive for job creation and offer amenities that cater to the transient workforce.
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As cities adapt to modern needs, there is a marked increase in demand for accessible, economical, and connected lodging. The ability to provide services that accommodate the evolving preferences of business trav
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