Le Mag de l'investissement immobilier

Two Exciting New Residences From Adagio

Published on 12/21/2016

In recent years, short breaks in city destinations have caught up with beach holidays, becoming the joint most popular destination for tourists. These two destination types, city and beach, now represent a combined market share of 82% (Source: ABTA). Unlike coastal locations, European cities also profit from the increasing demand for business travel from large corporations. In order to respond to these demands, Pierre & Vacances-Center Parcs and Accor groups created Adagio, a collection of brands offering high quality residences in central, well connected city locations.

The concept

Adagio Aparthotels was created as a perfect blend between homely comforts and hotel service, where tourists and visitors feel totally at ease during their stay. As opposed to a traditional hotel room, guests stay in spacious apartments that offer everything from a fully equipped kitchen to free WiFi access, while a housekeeping team and bilingual reception staff ensure that any housework or worries are taken care of. As a result, the brand is highly popular among professionals, as long distance commutes no longer mean days spent away from a homely environment.

Another of Adagio’s assets is the aparthotels’ central locations. Each Adagio development is created with location in mind, so tourists can visit their chosen city without costly and tiring transport, and business travellers are never far from links to their return destination. This combination of fantastic apartments, efficient services and ideal locations make Adagio Aparthotels a logical investment venture. 

 

Two connected and commercial destinations

Adagio’s latest developments are the Adagio Access Montpellier Centre Polygone and the Adagio Lille Centre Grand Place. Both towns are pertinent to French business travel, as they profit from TGV connections and international airports, while Lille also presents autoroutes to the rest of Europe. Such links have helped the cities grow to their current status today – Lille is the 3rd most important business city in France, while Montpellier is the 4th greatest start-up incubator in the world. 

Urban tourism

In addition to revenue from business travel, the two aparthotels can also be expected to capitalise on short-stay city tourism. Since economic changes in the 90s, Lille has been remodelled to benefit from the tertiary sector, while keeping its historic character through grand palaces, monuments and beautiful gardens; thus resulting in a prospering yet charmful city that appeals to a wider range of tourists.

Meanwhile, Montpellier can be viewed as a Mediterranean gem with the perfect climate, near-coastal location and local wine tours. Many visitors to the town enjoy the possibility of blending a typical city getaway with elements of a relaxing coastal break, by strolling through the town’s historic centre and visiting nearby beaches. As a result, Montpellier profits from 900,000 tourists staying in local hotels per year (Source: Montpellier Tourism Observatory).

Invest in Adagio

With such formidable locations and high-quality interiors, these two developments are set to become profitable investment opportunities with Pierre & Vacances Property Investment. Through the French buy-to-let scheme (LMNP) you will be able to make a VAT-free(1) investment in one of our tourist residences, providing you with guaranteed rental income(2)

(1) VAT rates and refund terms (eligible properties, recovery procedures, reporting requirements, etc.) may vary according to the country where the residence is located.

(2) Guaranteed rent through a commercial lease of 10 to 15 years (excluding standard co-ownership and maintenance charges, excluding property tax)

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