Cycas Hospitality, one of the largest branded extended-stay hotel operators in the UK, has signed its inaugural deal in France, which will see it manage the first dual-branded Hyatt property in Europe.
The company has signed a lease agreement to operate the Hyatt Place and Hyatt House hotels, both on one site, close to Paris Charles De Gaulle airport. Hyatt House will be the first extended-stay hotel around Charles de Gaulle airport.
The 21,631 sq m, five-storey building, located in Paris Nord 2 business park, will have a total of 430 rooms – 309 at Hyatt Place and 121 at the Hyatt House extended-stay hotel – with the hotels sharing conference, extensive all-day dining/bar facilities, a gym and a large swimming pool.
As well as appealing to international guests, the hotel location will attract corporate demand from the local major commercial and industrial hubs around Charles de Gaulle airport and the A1 corridor, which links Paris with Lille and the north of France.
Developed by Kaufman & Broad, the hotels are set to open in the second half of 2020.
Felicity Black-Roberts, vice president development, Europe and North Africa at Hyatt Hotels, said: “We are delighted to be partnering with Cycas Hospitality on our first dual-branded project in Europe. We are confident that Cycas’s extensive experience of successfully managing double-decker hotels will help us take full advantage of the many opportunities that this prime airport location offers for corporate as well as leisure travellers.”
The deal is Cycas’s first following a major investment from Huakee Group, the Thai family office and a major hotel owner and operator in Southeast Asia. With this backing, Cycas is rapidly growing its operations in Europe, including opening its first dual-branded hotel in Amsterdam at the beginning of the year under Marriott’s Moxy and Residence Inn brands.
