Henderson Park acquired five Novotel Suites hotels in France, adding 645 rooms to its portfolio and planning extensive renovations to enhance operational efficiency and guest experience.

Information on the Target

Henderson Park has successfully acquired a portfolio comprising five Novotel Suites hotels located in France, in collaboration with asset management firm Atream. This strategic purchase adds a total of 645 rooms to Henderson Park’s expanding hospitality portfolio, reinforcing its foothold in key European markets.

The hotels, built between 2000 and 2011, are situated in prominent areas including Paris – Issy-les-Moulineaux, Paris – Montreuil, Paris – Saint-Denis, Lille, and Cannes. Despite their operational success, these properties have faced challenges due to limited investments attributed to their fragmented ownership structures. Henderson Park intends to undertake significant renovations, which will encompass upgrades to guest rooms, enhancements to public areas, and modernization of technical equipment aimed at improving energy efficiency and operational cost-effectiveness, adhering to Paris Agreement standards.

Industry Overview in France

France stands as the world’s leading international travel destination, making its hospitality sector particularly resilient and lucrative. The nation's rich cultural heritage, diverse landscapes, and culinary prowess attract millions of visitors