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July 2024 – IDEACT assists the internationalization of the 123 IM and EXTENDAM funds in their partnership with the SOHOMA Group and the acquisition of a four-star hotel in the Flemish Venice of the North: Bruges, Belgium

31 July 2024

We assisted the 123 IM and EXTENDAM investment funds in what was one of their very first investments outside France: the acquisition of a vast four-star real estate complex in the heart of the Venice of the North, Bruges.

This fund-raising for SOHOMA, for which we provided the legal response, meets both its pan-European expansion strategy and the expectations and values carried by the investment funds, and concretizes the birth of a notable partnership between specialists in hotel operations and financing.

Counsel: Maud PARTOUCHE

Press releases: Communiqué de presse SOHOMA | 123 IM (123-im.com)

https://www.maubourg-patrimoine.fr/resources/1865/pdf1/Hotel-Navarra-Bruges.pdf

https://extendam.com/fr/articles/acquisition-de-deux-hotels-strategiques-a-lyon-par-extendam-sohoma-bpifrance-et-financiere-sisters

EXTENDAM et 123 IM acquièrent l’Hôtel Navarra à Bruges, accompagnés par SOHOMA INTERNATIONAL | EXTENDAM