Student Hotel and Melon District merger
The Student Hotel and Melon District, two leading providers of student accommodation announced yesterday that they will merge. The combination further strengthens the position of the groups in Europe as they continue to expand their portfolios.
The Student Hotel is already expanding its 1,650 beds in the Benelux with three new projects under development and several projects in the pipeline. Melon District has 600 beds open in Barcelona and 190 opening in Paris this year. The new group aims to have 10,000 rooms open by 2020, including development of Melon District’s existing pipeline in Italy, Spain and France.
Fabien Mollet-Viéville, founder of Melon District: “We have a history of successfully working together and are very excited about combining and leveraging our expertise and understanding of what students want and need. ”Charlie MacGregor, founder and CEO of The Student Hotel: “This combination of two innovative and complementary student accommodation groups will accelerate our joint plans to grow in Europe’s leading university cities. Fabien and I have known each other for a number of years and this deal combines two companies with the same DNA, both putting the student experience at its heart.”
Source: The Student Hotel