The real estate development company Redman has launched a crowdfunding operation in partnership with the Upstone platform for the development of a hotel in the city of Lormont, near Bordeaux.
"Thinking with the Redman teams on how to build the file, we realized that bond financing in crowdfunding would provide flexibility to the project while being attractive to investors who will earn a return each year for 5 to 7 years" explained Upstone's co-founder Arnaud Romanet-Perroux.
This is not the first hotel crowdfunding project in France. A similar operation was launched recently by the startups Set On Invest and Baltis Capital, to finance the conversion of Toulon’s former covered market into a hotel.
Also Read :
- In Toulon, a hotel project calls for crowdfunding
Already signed up? Already signed up? Already signed up? Already registered? Login!