Pestana buys a hotel from Austerlitz A7/A8 in Kaufman & Broad

Press release • 20 April 2023

The hotel integrated into the construction project of the A7A8 real estate complex, located between the Austerlitz train station, the Pitié Salpêtrière hospital, and the 22,000 sq.m. of gardens created, was purchased by the Pestana hotel group as part of a sale to Kaufman & Broad.

The Pestana group, a Portuguese hotel chain, currently operates around one hundred tourist accommodation units in the world, making it the largest network of Portuguese origin and ranks among the top 25 European hotel networks. With this new destination, the Pestana CR7 Lifestyle Hotels brand is set up in a 6th city, after Funchal, Lisbon, Madrid, New York and Marrakech. With its entry into France, the Pestana Hotel Group is increasing its presence in 17 countries, on 4 continents, and its portfolio at 109 hotels, an important step for this group born 50 years ago. It also shows that the city of Paris is considered strategic by hotel operators in order to establish itself in the European market.


A luxury hotel among the facilities of the Austerlitz project

The hotel is part of the Austerlitz A7A8 project, which ultimately includes an office campus, including the new headquarters of the Agence Française du Développement, a residence for students, apprentices and young people, social and intermediate housing, shops, public parking, 2,000 parking spaces for bicycles, offices and a catering centre for SNCF, as well as an Emmaus charity space. The 4 Star Pestana CR7 PARIS hotel, built by Kaufman & Broad, has 210 rooms and features on the tenth floor of the building, a landscaped rooftop with a swimming pool and a bar open to the public that offers stunning views of Paris, at 180 degrees.


Energy reduction and the environment at the heart of the project

This building is an illustration of Kaufman & Broad’s architectural, energy and environmental expertise. A 3,400 sq.m photovoltaic farm installed on the roofs of the A7A8 real estate complex will supply some of the buildings with electricity. In terms of energy consumption, the latter is certified NF HQE Commercial Buildings, Excellent level, thanks in particular to the use of energy saving technologies. Connected to the heating networks, the production of hot water will be supplemented by a heat recovery system on grey water.


In each of its projects, the group is committed to creating a virtuous city, so the new Austerlitz district will eventually include 22,000 square metres of green spaces, nearly 400 high stem trees spread throughout the site, as well as urban agriculture on the roof.


The transaction was carried out by CBRE Hôtel France, advising on the sale of the hotel opus of the project.

Work began at the hotel in early 2023 to deliver the building in 2027.