The Student Hotel - a hybrid co-living, co-working hospitality and student accommodation provider backed by Dutch pension fund APG, has chosen Toulouse for its new 354-room French location in partnership with Icade Promotion and Ynov Campus.
Headquartered in the Netherlands, The Student Hotel already has a location in the French capital and it will open its second hotel and student co-living destination in France on 1 Rue Sebastopol in the southern city of Toulouse. The hotel will face Place de l’Europe, an iconic square of Toulouse, next to Toulouse Business School and within walking distance to Toulouse city centre.
The Student Hotel Toulouse will take over the historical Compans-Caffarelli barrack location originally developed in 1851. Two buildings will be built just in front of the existing location to bring the total floor area to 10,870 m2. The project will actively participate in the regeneration of the Place de l’Europe area, the project's backers said.
French group Icade Promotion is to begin redevelopment and refurbishmnet at its Toulouse location in the first quarter of 2019, with the opening planned for spring 2021.
The Student Hotel Toulouse will consist of contemporary hotel rooms and co-living studios for students, young professionals, international travellers and entrepreneurs. The complex will include a wide variety of high-quality services such as study and gaming areas, meeting rooms, a restaurant and bar, and a gym.
Why Toulouse?
Toulouse is the 4th largest metropole of France and the centre of European airspace industry. It is also home of one of the oldest universities in Europe. Founded in 1229, University of Toulouse has a student population of more than 110,000 with 15% international students.
Denis Montrelay, The Student Hotel's director of investment: 'We are very excited to be able to open a TSH in Toulouse. The location in Toulouse fits perfectly with our ambition to regenerate fundamentals areas and create a vibrant heart which will address the needs of both the locals and international community, ensuring Toulouse is a key destination in our European network.'
The Student Hotel was advised on the operation by Orfeo Développement, Ginisty & Associés notary office and Lacourte Raquin Tatar law firm Icade was advised by Marechal Leclerc notary office and LIGL law firm
The Student Hotel group plans to have 41 properties, totalling 17,550 rooms, in the major European cities by 2021.
