Accor and Aéroports de Paris Sign Building Leases for Three Hotels at Paris-Orly Airport

PARIS—Aéroports de Paris, as the owner and developer of the land, and Accor Group, through its real estate asset management division, HotelInvest, have signed building leases at Paris Orly Airport.

The three leases cover the extension of the existing ibis hotel (to be completed in 2016) and the construction of two new hotels: a 154-key ibis budget hotel and a 153-key Novotel (due to open in 2016 and 2017, respectively).

François Cangardel, Aéroports de Paris’ real estate director, stated, “The significant modernization work currently underway will change the appearance of the airport, making it more welcoming, especially through the construction of a junction building between the south and west terminal. At the same time, construction work has started on the first office building in Coeur d’Orly, an eco-friendly business district, one of the elements of which is the development of a 35,000-sq-m. hotel complex that will provide space for the development of Accor Group hotels.”

The three hotels, positioned in the economy and midscale segments, will increase Paris Orly Airport’s accommodation capacity by 43%, according to the company. The 360 additional rooms will supplement an existing 840 rooms.