Redevco partners Radisson for mixed-use development in Paris (FR)

Redevco partners Radisson for mixed-use development in Paris (FR)

Radisson Hotel Group, in partnership with Redevco announced the arrival of its Radisson Collection brand in Paris in 2027.

 

It will be located near the Louvre Museum and Le Marais, in the highly anticipated BPM (Beats Per Minute) development. This mixed-use development takes place in a heritage-protected Haussman building which has recently commenced its rehabilitation work.

 

Redevco's mixed-use urban project, BPM is designed by Franklin Azzi Architecture. The project covers over 13,000m2 and prioritizes fluidity and environmental excellence. It includes 3,000m2 of retail space on the ground and first floor, 4,000m2 of office space on the second to fourth floors, and a 57-room hotel on the fifth to eighth floors with a green rooftop open to the public. The rooftop offers an uninterrupted 360-degree view of all Parisian landmarks, including the Eiffel Tower, Montmartre, and Notre Dame.

 

Federico J. Gonzalez, Executive Vice Chairman of Radisson Hotel Group said, “We are thrilled to bring the Radisson Collection brand to Paris with this landmark hotel. This project will not only elevate the Radisson Collection brand globally but also in France, where we currently have 23 hotels in operation and under development. With a focus on bespoke design, rich heritage, and exceptional experiences, the Radisson Collection hotel in the historic 126 Rivoli is sure to be an exceptional destination for both local and international guests.”

 

The Redevco teams and I are delighted with this long-term partnership with Radisson Hotel Group. The implementation of the Radisson Collection hotel concept, tailor-made to respond to the unique character of our operation at 126 Rivoli, demonstrates our strategic desire to transform all of our assets into vibrant and innovative living spaces. Thanks to the high environmental requirements that we have set for this rehabilitation and its new uses, Redevco once again confirms its role as a major player in the sustainable and positive reinvention of the city of tomorrow,” commented Thierry Cahierre, President of Redevco France.

 

Elie Younes, Executive Vice President and Global Chief Development Officer at Radisson Hotel Group, commented: “Building upon our growing Radisson Collection portfolio, which consists of over 65 iconic hotels in operation and under development in unique locations globally, the introduction of this brand in Paris marks a significant milestone to our guests who are seeking accessible premium lifestyle experiences. We continue providing more possibilities to our guests and opportunities to our owners; and are grateful to Redevco for their trust in our brands and people.

 

“The collaboration between Redevco and Radisson Hotel Group sets the tone for the ambition that will be deployed to write a new page in the history of our iconic asset at 126 Rivoli, and make it an exceptional place open to its environment, lively and connected. Indeed, we were attracted to the intense collaborative work with the Radisson Hotel Group teams before the signing, as well as by the proactive service offering proposed for other uses of the site and close to the operation, but also by the strong environmental commitments that we share,” added Cecile Pouzadoux, Portfolio Director, Redevco France.

 

Located on Rue de Rivoli, the hotel is just 45 minutes from Charles de Gaulle airport and 30 minutes from Paris-Orly Airport. It is also located next to Metro line 1.

 

Europe Real Estate — an overview of real estate developments in European countries.

Related News