France:Â German property management company limehome has entered the French market, due to open 25 apartments in Paris Suresnes and 19 in the historic old town of Versailles within the next 12 months.
The German hospitality company which specialises in fully digitised serviced apartments has properties in 11 other countries.
In Paris Suresnes, limehome will open 25 design apartments in a repurposed office building in autumn 2025. They will be located near the office district La Défense and Charles de Gaulle, Étoile.
In Versailles, limehome is launching 19 units in a landmarked property in the historic old town, all within walking distance of the Palace of Versailles and the local market, Marché Notre-Dame.
Both properties will undergo a complete refurbishment in collaboration with local real estate partners and are expected to open within 12 months of signing.
limehome CEO Josef Vollmayr said: “Our launch in France is another milestone for us. In 2023, Paris recorded more than 52 million overnight stays, only London can compete with that in Europe.
“We see great growth potential in the French hospitality market for our combination of technology, design, and a seamless digital guest experience. In France, too, we will become a strong and reliable partner to the real estate industry, effectively supporting them with our team of civil engineers, architects, and real estate experts on construction, financing, and approval issues, from conception to opening,” he added.
Daniel Hermann, limehome’s chief growth officer, said: “France is a key market for our expansion in Europe. Our flexible and efficient operator model is a clear competitive advantage in this dynamic tourism market.
“We offer owners the opportunity to position existing properties and project developments for the long term and with high returns. Our two new locations in the Île-de-France region are just the beginning. In the coming years, we plan to significantly expand our offering in France,” he added.
Last month limehome annouced that it had signed 3,000 apartments in 2024, taking the group’s total contracted units to 9,000.
