ACCOR 
December 4th, 2014
Aéroports de Paris and Accor sign building leases for three hotels at Paris-Orly AirportAéroports 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, in th e Cœur d'Orly district.
The three leases cover the extension of the existing ibis hotel (to be completed at 2016) and the construction of two new hotels: an ibis budget hotel and a Novotel (due to open in 2016 and 2017, respective ly).
According to François Cangardel, Aéroports de Paris Real Estate Director:"Paris-Orly Airport has become a very important
business hub in the
heart of so uthern Paris. The significant
modernisation
work currently under way will change the appearance of the airport,
making it
more welcoming,
especially through the construction of a junction building between the south and west ter minal.
At the same time, construction work has started on the first off ce building in Cœur d' Orly, an eco-friendly business district, one of the elements of which is the development of a 35,000 sqm hotel complex that will provide space for the development of Accor Group hotels. Besides the fact that we are adding the value to o ur vast land reserves, we are
also significantly increasing Paris-Orly's accommodation capacity, thereby meeting passengers".
John Ozinga, Chief Operating Officer of HotelInvest Accor added:the growing demand
from
"This operation is fully in line with the HotelInvest strategy, aimed at strengthening our position as Europe's top hotel investor. It allows us to invest in the economy and midscale segments in hotels me eting with high environmental
quality standards (HQE). They are located in a key area that is generating excellent promising to become one of the Grand Paris' flagship urban projects."
operating performances and
360 additional roomsThe three hotels, positioned in the economy and midscale segments, will increase Paris- Orly Airport's accommodation capacity by 43%. The 360 additional rooms will supplement the existing 840 rooms and provide travellers with hotels that are suitable for families, as well as business clients.
Extension of the ibis Orly Aéroport
Construction of an ibis budget (154 rooms).
Construc tion of a Novotel (153 rooms).
(53
additional rooms). Ibis is
the
Essential comfort at an affordable price: rooms
For busin ess and leisure travellers: spacious
benchmark in
economy hotel
for 1, 2 or 3 people, 24-hour reception and all-
and ada ptable rooms, balanced
meals
accommodation,
Europe's leading
you-can-eat breakfast buffet.
available
24 hours a day, meeting rooms,
hotel chain and the fourth-largest in its
attentive
staff, child-friendly areas
and
category worldwide.
fitness ro oms.
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These new hotel developmen tsare part of the Cœur d'Orly
real estate programme deve loped by Aéroports de
Paris,
building upon the office an d retail programme launched earlier with co-investment fro m the Altarea-Cogedim Group and Foncières des Régions.
Cœur d'Orly is an eco-friendl y business district with tertiary living spaces, situated oppos ite the airport terminals in the southern Paris region's leadin g economic hub, that combines office building, shops and hote ls with other services.
Located just 10 minutes outsi de Paris, Cœur d'Orly is served by multiple motorway connec tions and has excellent public transport links (Orlyval-RER B, Tramway T7, bus, etc.) which will be strengthened in the coming years (TSCP, TGV, the Grand Paris Express metro wi th lines 14 and 16, etc.).
The first phase of the progr amme, on a plot covering 13.5
hectares involves the con struction of
160,000 sqm of
buildings, including 70,000 sq m of offices (spread over three buildings), 41,000 sqm of shops and services, and a 35,000 sqm hotel complex.
About Aéroports de Paris www.aeroportsdeparis.frAéroports de Paris builds, develops and manages airports, including Paris-Charles de Gaulle, P aris-Orly and Paris-Le Bourget. In 2013, Aéroports de Paris handled more than 90 million passengers and 2.2 million tonnes of frei ght and mail at Paris-Charles de Gaulle and Paris-Orly, and 43 million passengers in airports abroad.
Boasting an exceptional geographic location and a major catchment area, the Group is pursui ng its strategy of adapting and modernising its terminal facilities and upgrading quality of services; the Group also intends to d evelop its retail and real estate businesses. In 2013, Group revenue stood at €2,754 million and net income at €305 million.
About Accor
Accor is the world's leading hotel operator, with
470,000 rooms in 3,600 hotels a cross 14 trusted brands in
92 countries. The company is organized around two distinct divisions, HotelServices, which operat es and franchises the hotels and HotelInvest, which is a hotel owner and investor. The Accor hotels sit in three segments from budg et to luxury which are constantly reinventing their concept to satisfy the needs of business and leisure customers around the globe . Accor brands include in luxury- upscale; Sofitel, Pullman, MGallery and Grand Mercure, The Sebel, midscale; Novotel, Suite N ovotel, Mercu e and Adagio and economy; ibis, ibis Styles, ibis budget, adagio access and hotelF1. The Group bo sts a powerfful digital ecosystem, notably its booking portal accorhotels.com, its brand websites and its loyalty program Le Club Accorhotels.
The Group's 170,000 employees benefit from working for a company that believes in progressi on and has an industry leading training program, the Accor Académie. Since its creation 45 years ago, Accor is making innovatio n and sustainable hospitality the focus of its strategic vision as well as of its customer-centric approach development and innovation process.
Aéroports de Paris Press Contacts Accor
Elise Hermant / Jérome Marmet Tel: +33 (0) 1 43 35 70 70 elise.hermant@adp.frjerome.marmet@adp.fr
Charlotte Bourgeois / Delphine Dumonceau
Tel: +33 (0) 1 45 38 84 95
Charlotte.bourgeois@ accor.com/ Delphine.dumonceau @accor.com
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