citizenm Paris-Charles de Gaulle Airport hotel to open in 2014
The Dutch Hotel group citizenM hotels has signed a ground lease commitment with Aéroports de Paris for the development of an 'Affordable Luxury' citizenM hotel in the Roissypole district, close to Paris Charles de Gaulle Airport.
The hotel will be directly connected to CDG's terminals through the free CDGVal, airport shuttle, as well as to the RER station (with trains to central Paris).
The hotel will comprise 230 guestrooms, as well as citizenM's signature food & beverage concept 'canteenM' and Vitra furnished 'living rooms'. The hotel is slated to open in early 2014.
citizenM Chairman Rattan Chadha said: "We are extremely excited with the addition of our first site in Paris to our development portfolio. With this acquisition we are one step closer to creating a chain of luxury contemporary hotels for the cost-conscious traveller in major cities around the world. We are continuously searching for more sites on 'A' locations in Paris."
Aéroports de Paris Real Estate Manager François Cangardel added: "The opening of a new hotel at Paris Charles de Gaulle is in line with Aéroports de Paris' strategy which intends to develop the hotel accommodation offer in the immediate vicinity of our airports. We also aim at strengthening the existing offer with new hotel concepts. The partnership with citizenM, which offers a unique and innovative concept, meets our expectations and should be attractive to many of our customers."
citizenM currently operates three hotels – at Schiphol Airport, in Amsterdam city centre and in the city centre of Glasgow. The opening of the site in Paris brings the company's development portfolio to seven additional hotels, including two projects in New York City (at Times Square and in Soho/Lower East Side), three projects in London (near Tate Modern in the booming Bankside area, opposite the Tower of London and near St Paul's Cathedral) and a project in Rotterdam.
The expansion strategy of citizenM is to develop and invest in citizenM hotels on prime city centre locations (and terminal-connected airport sites) in metropolitan cities only, such as Paris, London, New York, Amsterdam, Hong Kong, and Shanghai.
citizenM's acquisition and investment team is acquiring additional development projects in Paris, and is actively looking for new development opportunities. These can be new buildings, part of mixed-use developments or redevelopments of existing structures. The hotels require a total floor area of approximately 3,500 to 8,000sq m.Organization