SKYX Platforms Corp. (NASDAQ: SKYX), a company specializing in advanced smart home and AI platform technologies, announced it will deploy its smart products during a master renovation of the Grand Hotel du Parc, a historic hotel in La Bourboule, France. The hotel, part of Group OTT, is undergoing a three-phase renovation and new build that will expand its capacity from 100 rooms and suites to 130, along with upgrades to bars, restaurants, ballroom, spa, gym, and other facilities.
SKYX expects to supply thousands of units of its advanced 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. The company's technologies are designed to reduce renovation time and cost by up to 90%, a significant advantage for hotel renovations and new builds. This deployment represents SKYX's first European hotel collaboration and is expected to lead to additional partnerships with Group OTT on other properties.
Jean-François Ott, Founder of Group OTT, expressed enthusiasm for integrating SKYX's technologies, stating that they will cut significant time and cost while advancing lifestyle and safety standards. Rani Kohen, Founder and Executive Chairman of SKYX, highlighted the importance of this collaboration for expanding the company's hotel segment in both the U.S. and Europe.
The Grand Hotel du Parc, formerly the Grand Medicis Hotel, is a designated historic property in La Bourboule, a leading thermal spa destination focused on health, wellness, and longevity tourism. The renovation aligns with an integrated approach combining hospitality, residential offerings, food & beverage, and immersive experiences. Group OTT, with over 35 years of experience, has developed more than 250 buildings throughout Europe valued at over $4 billion.
SKYX's technologies offer additional 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 operates 60 lighting and home décor websites. Its mission is to make homes and buildings become advanced, safe, and smart instantly as the new standard.
For more information about Group OTT, visit https://www.groupott.com/. For more about SKYX, visit www.skyx.com.
