Canopy by Hilton Says Hello to Paris’ Latin Quarter
150-room hotel will feature a vegetated facade with climbing plants and a garden on the ground floor
PARIS and MCLEAN, Va. - Canopy by Hilton, Hilton’s (NYSE: HLT) lifestyle hotel brand, today announced the signing of a development agreement and a long-term lease between Novaxia Investissement and Dutch hotel operator Borealis Hotel Group for the 150-room Canopy by Hilton Paris Quartier Latin. The hotel, which is expected to open at the end of summer 2022, will be located on rue Lacépède, near Place Monge, Jardin des Plantes and in the heart of the Latin Quarter one of Paris’ most diverse and culturally rich districts.
Canopy by Hilton Paris Quartier Latin will occupy a renovated, historical mansion with an Eiffel-style industrial roof and a new seven-floor building and will offer a range of features, including a restaurant, bar, a tearoom and a fitness centre.
Patrick Fitzgibbon, senior vice president, development, EMEA, Hilton, said: “With the first property opening near Trocadero in 2020, introducing the second Canopy by Hilton hotel to Paris, the first on the Left Bank, is a significant milestone in our French expansion plans. Already one of the world’s most-visited cities, Paris is enjoying a surge in tourism recording close to 40 million visitors in 2018, with demand set to increase. Canopy by Hilton Paris Quartier Latin creates the ultimate Parisian experience. It is perfect for exploring this charming neighbourhood, and its central location is ideal for those who want to search out Paris’ cultural sites, gastronomic adventures and all that this remarkable city of light has to offer.”
Nature will be anchored in the Canopy by Hilton Paris Quartier Latin with an ambitious landscaping component: a vegetated facade with climbing plants, a garden on the ground floor and green terraces. The project is part of a BREEAM certification process.
The rehabilitation of this obsolete complex began in September 2019 and is expected to finish in summer 2022. The new hotel will be inspired by the numerous tourist sites that surround the project and will offer top-of-the-range services for international tourists as well as local neighbours.
“This project highlights Novaxia Investissement’s ability to offer to its clients complex and outstanding operations, usually led by institutional investors,” said David Seksig, deputy director, Novaxia Investissement. The development is the eighth hotel project developed by the funds managed by Novaxia Investissement and reflects the expertise of the teams in this asset class. Novaxia Investissement has been advised by the Avocats White & Case law firm.
Lodewijk van der Meulen, co-founder of Borealis Hotel Group added, “We are very excited to expand our foothold in the Parisian region to three hotels. We see the Canopy by Hilton brand as the perfect addition to Paris’ city centre and our portfolio. Borealis and Hilton have been working on numerous developments across Europe together and we very much value the strong and trusted partnership we have formed over the years.”
Canopy by Hilton Paris Quartier Latin guests will enjoy the benefits of Hilton Honors®, Hilton’s award-winning loyalty program serving 100 million members. Hilton Honors members who book directly through preferred Hilton channels have access to instant benefits, including a flexible payment slider that allows members to choose nearly any combination of Points and money to book a stay, an exclusive member discount that can’t be found anywhere else and free standard Wi-Fi.
About the Novaxia Group
"Urban transformation is our know-how. The obsolete asset is our deposit, we transform it to create value.” Joachim Azan, Founder.
With a dual expertise in finance and real estate, the Novaxia Group has developed a unique method that reconciles the interests of the various stakeholders involved in a project: owners, politics and communities, and donors.
Transformed urban assets (buildings, warehouses, wastelands) become new places of life, creators of value for all. The innovation and know-how of the Novaxia Group in urban planning have been recognized and awarded in particular at the prestigious "Reinventer Paris" competitions in 2016 and "Reinventer Paris 2" in 2019, "Inventons la Métropole du Grand Paris" in 2017 and "Inventons la Métropole du Grand Paris 2" en 2019. Since 12 years, Novaxia has rehabilitated and built 400,000 m² and managed more than 2 billion euros in real estate transactions.
About Novaxia Investissement
Novaxia Investissement is a regulated asset management company approved by the French Market Authority (AMF). The strategy is to develop and propose real estate investment funds dedicated to the city transformation and optimization. Novaxia Investissement manages a large range of products, on behalf of private investors (funds & club-deals) from 5,000 euros to several millions. Novaxia Investissement offer includes Novaxia Immo Club 6, dedicated to Equity Savings Plan – PEA / PEA-PME – or to Entrepreneurs looking for re-employment after selling their business, as well as a new and disruptive model of private equity investment in real estate : the SCPI Neo.
About Borealis Hotel Group
The Borealis Hotel Group was founded in 1997 by Mr. Bart van de Kamp. We specialize in the investment, development and management of hotels in Europe. Their focus lies on major capital cities as well as airport locations across the continent. Depending on the nature of a project, they can act as both real estate investors and long-term leasees. With their multidisciplinary expertise, they are able to act swiftly and efficiently, offering stakeholders creative solutions and a unique combination of skills. Borealis has a team of specialists that excel in adaptive re-use of locations. Owning a successful track record in sales of assets such as TVHG group (one of its former subsidiaries), and a host of others, Borealis has completed nearly €3 billion of transactions since inception. With 8 hotels in operation and 9 hotels under development we have a full pipeline underway.
About Canopy by Hilton
Hilton’s lifestyle brand, Canopy by Hilton, is a place in the neighborhood to relax and recharge, offering simple guest-directed service, comfortable spaces and thoughtfully local choices. Each hotel is designed as a natural extension of its neighborhood and delivers a fresh approach to hospitality and the guest experience. There are 15 Canopy properties open around the globe and more than 40 under development across 14 countries and territories. Experience a positive stay at Canopy by booking at www.canopybyhilton.com or through the Hilton Honors mobile app. Learn more about the brand at newsroom.hilton.com/canopybyhilton, and connect with us on Facebook, Instagram, Twitter, and Pinterest.
Hilton (NYSE: HLT) is a leading global hospitality company with a portfolio of 18 world-class brands comprising more than 6,100 properties with more than 977,000 rooms, in 118 countries and territories. Dedicated to fulfilling its mission to be the world’s most hospitable company, Hilton welcomed more than 3 billion guests in its 100-year history, earned a top spot on the 2019 World’s Best Workplaces list, and was named the 2019 Global Industry Leader on the Dow Jones Sustainability Indices. Through the award-winning guest loyalty program Hilton Honors, more than 106 million members who book directly with Hilton can earn Points for hotel stays and experiences money can’t buy, plus enjoy instant benefits, including digital check-in with room selection, Digital Key, and Connected Room. Visit newsroom.hilton.com for more information, and connect with Hilton on Facebook, Twitter, LinkedIn, Instagram and YouTube.