French Fund Extendam Acquires Sofitel Lisbon Liberdade Hotel
Discover how the prestigious French fund Extendam secured the purchase of the iconic Sofitel Lisbon Liberdade hotel in a strategic move.
French fund Extendam has recently acquired the Sofitel Lisbon Liberdade hotel, marking a significant investment in the hotel industry. This acquisition is part of Extendam's strategic expansion in Europe, following the recent purchase of a hotel in Rome, Italy. The group has expressed its commitment to renovating the hotel in Lisbon, with a strong focus on sustainability. The statement released by Extendam highlights that the hotel will be updated to meet the latest standards of the Sofitel brand.
In collaboration with DG Invest, a longstanding partner of Extendam, the management of the hotel's assets will be overseen. The acquisition and renovation of the hotel are being financed through a 'green loan' provided by CaixaBank and BPI, further emphasizing the commitment to sustainable practices in the hospitality industry.
The acquisition of the Sofitel Lisbon Liberdade hotel represents a significant milestone for Extendam as it continues to strengthen its presence in the European market. The group's dedication to sustainable investments and adherence to the highest standards of the Sofitel brand are key pillars of this strategic move.
The acquisition of the Sofitel Lisbon Liberdade hotel by Extendam underscores the group's commitment to expanding its portfolio in Europe and investing in sustainable projects within the hotel industry. With a focus on renovation and sustainability, this acquisition marks a new chapter for the iconic hotel in Lisbon.
French Fund Extendam Acquires Sofitel Lisbon Liberdade Hotel
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