Okko Hôtels

Two years after the chain's first hotels opened their doors in Nantes, Grenoble and Lyon, Crédit Mutuel Equity has again placed its trust in Olivier Devys, the founder and manager, and Paul Dubrule, his associate, by adding to its stake in Okko Hôtels, the up-and-coming 4-star hotel chain.

Crédit Mutuel Equity's (formerly CM-CIC Investissement) overall injection of €3 million will help to accelerate the chain's development. In addition to the Rueil Malmaison, Cannes and Bayonne openings due this year, three further hotels are currently under construction. Okko Hôtels' first hotel in Paris - in place of the Sofitel at Porte de Sèvres - is scheduled to open in June 2017. Hotels at Montparnasse in 2018 and the Gare de l'Est in 2019 are due to follow. All in all, nine new hotels are scheduled to open by 2019. Next on the list are additions to its network at city-centre locations in the busiest regional centres (Marseille, Montpellier, Lille, Toulouse, etc.), before the group embarks on an international expansion drive into Europe's major capital cities.

Okko Hôtels targets individual business and leisure travellers, reinventing the all-inclusive formula available in certain airlines' lounges for hotels. At Okko Hôtels, guests pay the price agreed when they make their booking. After they arrive, they can take advantage of all the extras included in the price - the gym, 24-hour buffet. Guests are free to make themselves at home and to eat what and when they please. This is an innovative concept that meets the needs of contemporary travellers, providing designer accommodation and facilities and high-quality service at a competitive rate.

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