11 November 2026
MIMCO completes acquisition of 22 rue Bayen, future 47-suite hotel
Paris, 29 October 2026 – The MIMCO group completed on 28 October 2026 the acquisition of 22 Bayen, a vacant 2,367 sq m office building located in the 17th arrondissement of Paris, a short walk from Place des Ternes. The MIMCO group acquired it for €28 million, excluding acquisition costs, with the aim of converting an obsolete office asset into a set of 47 premium suites for hotel use, operated under the Quartier Libre Collection brand.
A hotel project in the heart of Paris
Located between Place de l’Étoile, Porte Maillot and Parc Monceau, close to the Palais des Congrès and the Champs-Élysées, 22 Bayen comprises six fully vacant floors.
The building permit, obtained on 2 October 2026 following a pre-application review with the City of Paris, authorises the change of use from offices to hotel accommodation.
The completed project will feature 47 suites, a spa, a fitness area, a breakfast service and 29 parking spaces. Refurbishment work is expected to begin in the first half of 2027, with the hotel scheduled to open in the second half of 2028. Both dates are provisional.
The refurbishment follows MIMCO’s value-add strategy, which responds to the challenges facing the real estate market and the non-residential sector.
“22 Bayen illustrates one of our convictions: value creation comes from transforming obsolete office buildings into hotels that contribute to the vitality of the city.
This project responds to the challenges of a changing market and comes into its own in an iconic Paris neighbourhood.
As an operator, securing the hotel permit and then completing the financing within a few weeks is the result of collective work with our banking partners and Quartier Libre Collection, for our third Paris project togethe.”
said Christophe Nadal, co-founder and CEO of MIMCO.
A new Quartier Libre Collection property
The hotel will be operated by OptiGuest, a subsidiary of JHMH Group, under the Quartier Libre Collection brand and through a management agreement. The concept combines spacious suites with full hotel services for a predominantly international clientele, travelling for both business and leisure.
22 Bayen follows previous projects carried out by MIMCO with OptiGuest: 82 boulevard de Sébastopol in Paris’s 3rd arrondissement, which opened in June 2024 with 36 rooms, and 15 rue Fénelon in the 10th arrondissement, which is currently being converted.
Financing the transaction
MIMCO structured the transaction on behalf of its family office clients, financial investment advisers and private investors.
The acquisition was financed by a loan from Caisse d’Epargne Hauts de France, which will also finance almost all of the refurbishment work.
L’Etoile du Nord Promotion, the investment subsidiary of Caisse d’Epargne Hauts de France, also joined the transaction as a minority shareholder, reflecting the bank’s confidence in the project.
MIMCO Group thanks its teams, partners, investors and advisers:
Caisse d’Epargne Hauts de France and its advisers: Amélie Delannoy and Anne-Gaëlle Tabard,
L’Etoile du Nord Promotion: Maxime Lacour and Jonas Lien
JHMH Group: Michael Hirsch, Jonathan Hirsch and Raphaël Parsy
Gide Avocats: Eric Bolis, Louis Oudot de Dainville, Nolan Condette and Anthony Lamoureux
R&D Notaires: Julien Remusat and Charline Freulon
**About the MIMCO group**
Founded in 2016, MIMCO is a pan-European investment group specialising in the structuring, investment and management of real estate assets, with a long-standing value-added positioning. The group works on behalf of institutional investors, family offices, financial investment advisers and private banks. It has more than 60 employees in France, Luxembourg, Germany, Spain and Portugal. MIMCO manages over €2.6 billion of real estate assets across all its products.
For more information: www.mimcocapital.com
Press contacts
Rumeur Publique agency
[email protected]
Mathias Jordan – 06 63 48 59 16
Paris, 29 October 2026 ‑ The MIMCO group completed on 28 October 2026 the acquisition of 22 Bayen, a vacant 2,367 sq m office building located in the 17th arrondissement of Paris, a short walk from Place des Ternes. The MIMCO group acquired it for €28 million, excluding acquisition costs, with the aim of converting an obsolete office asset into a set of 47 premium suites for hotel use, operated under the Quartier Libre Collection brand.
Eight months after the start of construction announced in March 2026, MIMCO announces a new milestone in the progress of Altitude Oriente in Lisbon: earthworks are complete and foundation works are now underway. To date, approximately 65% of the programme's 168 apartments have been reserved.
Bertrange, September 2026 ‑ MIMCO Group announces the signing of a 9‑year firm lease with Sodexo, the global leader in corporate services. Sodexo commits to 1,500 sqm within The Butler, a mixed‑use programme currently under development in the Bourmicht district of Bertrange, Luxembourg.
MIMCO Group announces the launch of Makers fund, its first real estate fund for retail investors. Accessible from €1,000, it offers a diversified European strategy built to institutional standards.
