MELON DISTRICT OPENS A NEW RESIDENCE IN PARIS IN 2014, LOOKS TO FURTHER ESTABLISH ITSELF IN SPAIN AND EXPLORES ITS OPTIONS IN ITALY
(Virtual Press Office
) -- Melon District, a company based in Barcelona that specializes in accommodation for Spanish and international students, will open a new residence hall with 191 rooms in La Défense, a modern neighborhood in the western part of Paris.
The initial investment of the project, whose construction has already begun, was made by a partner based in France amounting to 20 millon euros, and will allow Melon District to soon exceed 800 rooms between its residences in Barcelona (Poble Sec and Marina) and Paris.
Barcelona, January 23rd, 2013
.- Melon District, a company specialized in accommodation for Spanish and international students, continues the expansion plan it started in 2009 with the opening of its second residence in the 22@ district, Melon District Marina, the largest residence in Barcelona with 500 rooms.
The new residence, which will be located in the Parisian neighborhood of La Défense, consists of 5000m2 and includes 191 rooms, laundromat, gym, cafeteria, study hall, garden and parking lot that will be open to the public in September 2014. The residence, which will be managed by Melon District, resulted in an intial investment of 20 million euros by a partner based in France. Melon District anticipates increasing its annual revenue by 30% with the opening of this new residence in the French capital.
But Melon District’s plans do not end there; the company is looking to further consolidate itself in the Spanish market with a new residence in Madrid, as well as entering the Italian market, where it is exploring its options in Rome and Florence.
About Melon District
The history of the company dates back to July 2001, when Rent a Bedroom S.L., a company that pioneered accommodation for international students, was founded.
In 2007, with the goal of encouraging further expansion, the trademark Melon District was created. Said trademark currently includes two student residences, Poble Sec and Marina, and manages 631 rooms in Barcelona.
Melon District has a staff of 35 employees and during the 2011-2012 academic year invoiced more than 8 million euros.
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