LinkedIn blog by Eduard Elias, Cycas co-founder:
Last autumn, when we announced plans to grow our portfolio to more than 10,000 guest rooms in the next five years following investment from the Huakee Group, expansion into Europe was high on the Cycas priority list.
Now, just four months into 2018, we’ve already opened our first two properties in mainland Europe with our Amsterdam Residence Inn / Moxy double-decker and confirmed our inaugural deal in France; a major milestone in our international rollout plans.
Following the success of our Hyatt Place London Heathrow Airport hotel, this dual-branded Paris development will see us take advantage of our research into the strong market for extended-stay hotels at major airports to open the first hotel at Charles de Gaulle airport catering to longer-stay travellers.
As we strengthen our relationship with Hyatt and support the group’s first dual-pack property in Europe, we are especially proud to be welcoming Hyatt House – our newest extended-stay brand – into the Cycas family.
With 121 apartment-style suites, the residentially-inspired hotel will be combined with a 309-room Hyatt Place on one prime site near the A1 corridor, which links Paris with Lille and the north of France. What this means is that, from late 2020, we’ll be bringing greater accommodation flexibility to everyone from airport project workers to those visiting the nearby exhibition centre.
Our new relationship with Hyatt also gives travellers greater choice by delivering the best of both worlds to anyone in need of accommodation around Europe’s second largest airport. On the one hand, guests looking for a classic extended-stay experience will be able to enjoy the personalised home-from-home touches and exceptional customer service that Cycas Hospitality offers at all its properties. However, those looking for something extra – such as an on-site restaurant, meeting rooms or enhanced leisure services, including a swimming pool – will be able to take full advantage of these facilities, with the added convenience of not having to leave the building.
One distinctive trend that’s worth highlighting is how our Paris project means that nearly half (eight) of the 18 hotels that Cycas Hospitality has either open or in development are in dual-branded hotels, whilst half of these (four) are in continental Europe.
With further deals in our pipeline in France and Germany – our next key focus – we’re taking full advantage of the growing and widely untapped market for the extended-stay concept in Europe. These are exciting times and we look forward to announcing further news on our plans to bridge the gap between hotels and home across Europe soon.
For more details on Cycas Hospitality’s plans to enter the French market, please click here.
Original blog post: https://www.linkedin.com/pulse/bienvenue-%C3%A0-paris-eduard-elias/