UNQUOTE

Avenir Entreprises et al. back Société Hôtelière Côte Rôtie

  • Greg Gille
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Avenir Entreprises, Sofival, BNP Paribas DУЉveloppement, Garibaldi Participations and Risque & SУЉrУЉnitУЉ have funded the buyout of eight hotels on behalf of SociУЉtУЉ HУДteliУЈre CУДte RУДtie (SHCR).

The eight hotels, located in the Rhône-Alpes region of France, were acquired from Groupe Accor for an undisclosed amount. Sofival, a local real estate developer, contributed 39% of the funds. The remainder was provided by private equity houses Avenir Entreprises (21%), BNP Paribas Développement (17%), Garibaldi Participations (7%) and Risque & Sérénité (5%).

SHCR was created to operate hotels and aims to take advantage of the region's tourist potential, especially for skiing holidays.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com

 

 

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