Edgar Suites, an investor, developer and operator of premium serviced apartment buildings, has secured a €180 million bank financing facility arranged with three leading financial institutions: Crédit Agricole CIB, BNP Paribas and Société Générale. The landmark transaction confirms the strength of the Group's business model and validates its value-add investment strategy, which focuses on transforming and repositioning obsolete real estate assets into high-end serviced apartment properties.
The €180 million financing marks a new milestone in the company's growth trajectory. The transaction covers 10 real estate assets (seven in France and three in Spain), representing a capacity of more than 800 hotel room equivalents, with approximately 80% of the financing qualifying as green financing. Structured as senior debt with three of France's leading banking institutions and maturing in 2031, the facility will support the accelerated deployment of Edgar Suites' premium serviced apartment portfolio across Europe.
Specifically, the financing will enable the company to:
"This transaction reflects the financial strength Edgar Suites has achieved and provides us with the resources needed to continue our European expansion. It also rewards the collective efforts invested in building a sustainable business model while reinforcing the institutional recognition of this emerging asset class," said Cyrille Fromentin, Chief Financial Officer of Edgar Suites.
A Proven Growth Story with a Clear European Ambition
Now recognised as a leading specialist in converting office buildings and other end-of-life assets into design-led serviced apartment properties, Edgar Suites combines its capabilities as both investor-developer and operator, allowing it to manage the entire real estate and hospitality value chain.
The company currently has 28 residences in operation or under development, representing approximately 1,500 hotel room equivalents. Following the establishment of a strong presence across 11 French cities, including Paris, Lille, Bordeaux, Nice and Cannes, Edgar Suites launched its international expansion in 2025 through four acquisitions in Valencia and Málaga, while actively exploring further opportunities across Southern Europe.
Edgar Suites' expansion is underpinned by a profitable and sustainable growth trajectory. The Group expects to generate close to €30 million in revenue in 2026, following an average annual growth rate exceeding 35% over the past three years.
The company has also benefited from the support of a leading institutional investor since completing its €104 million funding round in 2021 with Proprium Capital Partners, a specialist investor in real estate platforms. Over the past four years, Edgar Suites has completed more than €330 million in real estate acquisitions, building a portfolio comprising 11 acquired residences and nearly 900 rooms.
To support this expansion, Edgar Suites continues to pursue a strategy centred on delivering exceptional guest experiences while embedding rigorous environmental and social standards throughout every stage of its developments. This includes eco-designed buildings certified under BREEAM and BBCA, the regeneration of existing urban assets, and sustainable hospitality operations recognised by the Green Key certification.
"This financing sends a strong signal to our industry and is a source of great pride for our teams. It provides the resources required to deliver our European ambitions while validating our long-term strategy as a developer and operator of premium serviced apartment buildings. Our model demonstrates that sustainable growth, financial performance and responsible tourism can go hand in hand. I would like to sincerely thank Edgar Suites' 100 employees for their daily commitment, as well as our shareholders and banking partners for their continued support," said Xavier O'Quin, President and Co-Founder of Edgar Suites.
Transaction Advisers
Edgar Suites was advised by Eastdil Secured as financial adviser on the financing.
Archers and Arsene Taxand advised the company on French legal and tax matters, while Pérez-Llorca acted as legal adviser in Spain.
Lexfair served as notarial adviser and CBRE provided the real estate valuation of the assets.
About Edgar Suites
Edgar Suites is an investor, developer and operator of premium serviced apartments, and the leading French specialist in converting office buildings into design-led, sustainable urban serviced apartment residences.
The company develops and operates a portfolio of 28 assets across 13 cities in France and Spain, representing approximately 1,500 rooms.
Founded in 2016 by Xavier O'Quin and Grégoire Benoit, Edgar Suites has been profitable since its early years and has been backed by institutional capital since 2021. Over the past four years, the company has completed more than €330 million in real estate acquisitions.
Edgar Suites is redefining the serviced apartment experience through spacious, fully equipped and elegantly designed accommodations in prime city-centre locations, tailored to discerning travellers, families and business professionals for stays typically ranging from three to ten nights.
As a purpose-driven company, Edgar Suites is both B Corp and Green Key certified, reflecting its commitment to improving the environmental performance of its properties while generating a positive impact in the communities where it operates.
For more information, please visit www.edgarsuites.com.
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