Okko Hôtels

Okko Hôtels offers urban hotel accommodations emphasizing contemporary design and essential amenities, targeting business travelers and tourists. Their approach combines comfort and accessibility within key urban locations across France. Founded in 2010 and headquartered in Paris, France, Okko Hôtels specializes in modern urban hotel experiences. They have secured a total of 7 deals, with the most recent funding round taking place on March 24, 2023, where they raised EUR 5.

13 million from investors including Credit Mutuel Equity and Eurazeo. The company is not part of a larger group and was established by a team focused on redefining hospitality. OKKO HOTELS specializes in providing high-quality urban hotel experiences characterized by a lifestyle approach that combines contemporary design with essential amenities. Their core product offerings include 4-star hotel accommodations, which feature aesthetic and functional guest rooms designed to meet the needs of modern travelers.

Each hotel includes on-site Clubs that provide additional services, such as snacking options, a sauna, and spaces for relaxation or work, ensuring that guests experience comfort throughout their stay. The hotels are strategically located in key urban areas across France, including cities like Paris, Lyon, Grenoble, and Strasbourg, catering primarily to business travelers, tourists, and event organizers who seek a balance of comfort and accessibility in bustling environments. The company aims to revolutionize traditional hospitality by ensuring a seamless blend of style and practicality. OKKO HOTELS generated revenue of EUR 36,445,677 in 2022, with an EBITDA of EUR 4,271,055 and primarily earns income through direct bookings made by customers for their hotel stays.

The transaction structure is straightforward, where guests typically pay for accommodations that include a range of services like breakfast, access to hotel amenities, and additional offerings such as meeting spaces for corporate clients. Pricing plans are structured around tiered room rates, adjusted according to factors such as location, seasonality, and length of stay. Key products include their flagship hotel services, which are available under the OKKO brand in various cities, reinforcing their distinct market presence. The company’s revenue model is designed to attract both individual travelers and corporate clients, ensuring a robust client base that values quality hospitality experiences.

Okko Hôtels plans to utilize the EUR 5. 13 million raised in March 2023 to support expansion into new markets and enhance their service offerings. As part of their strategy, they are focusing on designing new hotel concepts that cater to emerging travel trends and aim to launch these new products by 2025. Target markets for expansion include other major European urban centers, with specific attention to business hubs that align with their brand values.