Orrick Paris Real Estate Team Co-authors Article About Commercial Leases and the Evolution of the Hotel Sector

Orrick’s Sarah Fleury, Agnès Druot and Mélody Pagès co-authored an article in the French M&A magazine Fusions & Acquisitions regarding how commercial leases will be affected by the evolution of the hotel sector.

The evolution of the market and the diversification of the services have encouraged professionals to negotiate new aspects of leases to adapt to new issues. Investors and operators profit from the contractual flexibility allowed by the commercial lease’s statute in order to manage increasingly important investments. There is a growing trend of flexibility and customization of services in the hotel sector to increase its competitiveness, which today requires industry professionals to reconsider outdated lease provisions.