SKYX Platforms Corp. (NASDAQ: SKYX), a provider of smart home and AI platform technologies, announced it will deploy its advanced smart systems during a master renovation of The Grand Hotel du Parc, a historic hotel in La Bourboule, France. The hotel is part of Group OTT, a French developer that has completed over 250 buildings across Europe valued at more than $4 billion. This marks SKYX's first European hotel project and is expected to lead to collaboration on additional hotels within the group.
The renovation, currently underway, encompasses rooms, suites, bars, restaurants, lobby, ballroom, spa, gym, meeting rooms, corridors, and other areas. The hotel, formerly known as The Grand Medicis Hotel, currently has 100 rooms and suites and plans to add 30 more. SKYX is expected to supply thousands of units of its smart plug-and-play technologies, including ceiling lighting, ceiling fans, recessed lights, down lights, EXIT signs, emergency lights, indoor and outdoor lights, and wall lights.
SKYX's technologies are designed to reduce up to 90% of the time and cost of hotel renovations or new builds, according to the company. The deployment also creates opportunities for future recurring revenues through interchangeability, upgrades, AI services, monitoring, and subscriptions. The company holds over 100 U.S. and global pending and issued patents and owns a portfolio of 60 lighting and home décor websites.
Jean-François Ott, Founder of Group OTT, stated, “I am very excited to make the first introduction of SKYX’s game-changing technologies for hotels and buildings during the grand opening of The Grand Hotel du Parc. We expect to deploy SKYX’s technologies in additional hotels of our group in the near future. By integrating SKYX’s technologies into these properties, we will cut significant time and cost while advancing the lifestyle and safety standards of our hotels and buildings.”
Rani Kohen, Founder and Executive Chairman of SKYX Platforms, said, “We are excited to deploy our technologies in our first European hotel collaboration in the historical hotel The Grand Hotel du Parc in La Bourboule, France. We look forward to continuing to grow our hotel segment in both the U.S. and Europe, based on our advanced technologies and including the significant time and cost saving during hotel renovations and new builds.”
For more information about Group OTT, visit Group OTT. For more information about SKYX, visit SKYX Platforms.
