France: Real estate investment firm Amundi Immobilier has acquired YAYS Paris Issy by Numa, located near the upcoming Grand Paris Metro Line 15 station.
The 38-unit aparthotel, converted from a former office building, includes two levels of basement parking and a rooftop terrace with views of Paris and the Eiffel Tower.
The acquisition was made on behalf of Amundi Immobilier funds. The property will continue to be operated by the NUMA Group, which expanded into France in late 2023 following its acquisition of YAYS Group.
Amundi Immobilier was advised by Bauhaus Avocats on legal matters, Theop on technical aspects, and CBRE for operational due diligence.
Hubert Joachim, global head of investments and asset management at Amundi Immobilier, said: “The investment in the YAYS by Numa hotel residence in Issy-les-Moulineaux fits perfectly into our long-term investment strategy with attractive returns and diversification for the funds managed by Amundi Immobilier.
“The restructuring of this office building into a new hotel residence also contributes to the ESG commitments of the fund. This acquisition fully represents the type of opportunity that Amundi Immobilier will continue to seek on the market.”
Dimitri Chandogin, president and co-founder of NUMA Group, said: “This acquisition by Amundi Immobilier underlines the quality of our signature as a tenant and our reputation for delivering value through innovative, tech-driven operations.
“Partnering with Europe’s largest asset manager highlights the confidence institutional investors place in our ability to manage premium urban accommodations efficiently while enhancing guest experiences. We’re excited to continue working with Amundi and to bring Numa’s unique approach to even more travellers,” he added.
NUMA Group, a Berlin-based digital hospitality operator, manages more than 8,000 units across major European cities.
