The Student Hotel Toulouse — Photo by The Student Hotel Group

Pan-European hotel operator, developer and investor, The Student Hotel (TSH), has acquired a turnkey refurbishment project in the Compans Caffarelliarea in thecentre of Toulouse, for around €34 million. The counterparty is a joint venture of French listed developer Icade and academic institution Ynov.

TSH's total investment in the Toulouse project is in excess of €45 million and will allow the extension and the refurbishment of an existing former barracks into 12,000 sqm of student accommodation and hotel with 354 high profile rooms, design common areas and a rooftop with a pool and 360-degree views on the city. The site is close to major higher education hubs, including the Toulouse Business School and the new Ynov digital campus, and is located within walking distance of the city centre.

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