Paris looks toward the future in both design and development

Paris is famous for its classic, old-world hotels—but the city is taking some interesting steps towards the future, both in design and development.

This week, the hotel industry has been buzzing about the "Hotel Room of the Future"—a temporary room bookable at the Novotel Vaugirard Montparnasse in Paris that is set up to look like what experts believe European hotel rooms will look like someday.

CNN has a list of the room's features, which include a Sensorit mirror (looks like a regular mirror but displays text and graphics with local news and weather forecasts as well as interactive elements); an interactive Surface table that responds to hand gestures to allow multiple users to surf the Internet, play board games or pull up local maps and destination guides; and use of a Windowns Phone 7 and Nokia Lumia handset. Accor has not said how many guests to have booked to date.

On the development side, Property Magazine is reporting that Pramerica Real Estate Investors and Paris Inn Group have formed a new joint venture company to invest in Paris hotels and acquired the JV’s two first hotels for more than €30 million. The new Luxembourg based JV, Capital Inn S.à.r.l., has a total investment capacity of around €60 million. The initial portfolio includes two three-star and four-star hotels located in Paris and comprising more than 150 rooms. Pramerica’s London-based Merchant Banking Group structured the investment on behalf of institutional investors in its Preco IV fund.

And perhaps these changes are necessary: Paris, along with London and Amsterdam, registered a decline in Total Revenue per Available Room (TRevPAR) and Gross Operating Profit per Available Room (GOPPAR) performance for the month of October according to the latest HotStats survey by TRI Hospitality Consulting and also published in Property Magazine. Without a breath of fresh air, the city's hospitality scene could easily become stagnant, and while the hotel room of the future may not be what Accor is predicting, it's good to know that designers and developers are thinking ahead.


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