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LaSalle and Numa Group: €500 million hotel partnership 

By Tuesday, 17 May 2022 10:29

LaSalle and Numa Group undertake a €500 million pan-European development strategy The Numa Group is an operator specializing in non-traditional accommodations with a focus on technology.

The partnership is part of LaSalle's growing value-add investments business and involves the acquisition, refurbishment and asset management of hotels, hostels, extended-stay serviced flats, vacant and soon-to-be vacant boutique hotels, as well as conversion projects for unbranded properties in major Western European cities. Under the same partnership, these properties will then be designed, managed and organized by the Numa Group.

Incorporating sustainability standards

The LaSalle and Numa Group development will focus in particular on properties in prime city centre locations. Fifteen locations have already been identified in cities in the UK, Spain, Italy and the Netherlands, with a total value of more than €450 million. Renovations are expected to take between six and 18 months, creating rooms for short, medium and long stays, with maximum flexibility of use to optimize occupancy levels. La Salle and Numa will also look to incorporate various sustainability standards into the projects, including hybrid ventilation and water recycling systems, with the aim of ensuring excellent Breeam (sustainable building certificate) ratings and zero carbon emissions across the portfolio by 2050.

“A partner with strong real estate experience”

"The partnership with LaSalle underscores our ability to offer fully integrated hospitality solutions," explains Numa Group's director real estate, Philipp Rohweder. "We anticipate that the hospitality sector will continue to benefit from ongoing mega-trends, changes in consumption and overall post-pandemic recovery. With LaSalle, we have found a partner with strong real estate experience and a network throughout Europe, with whom we will continue our growth story in the European hospitality sector."

Hospitality operator Numa Group marches ahead with a $45 million capital increase

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