Bain Capital has invested in French hotel owner Les Hôtels de Paris, expanding its presence in Europe’s hospitality real estate market.
Les Hôtels de Paris owns a portfolio of 18 prime hotels, with 17 properties located in Paris and one in St Tropez.
Although financial details were not disclosed, Bain Capital said the transaction significantly enhances its presence in France.
Rafael Coste Campos, a partner at Bain Capital, said: “This investment is a natural extension of our hospitality strategy, reflecting our strong conviction in the enduring fundamentals of the European market and our ability to foster operational improvements and sustainable growth.”
Kevin Machefert, CEO at Les Hôtels de Paris, said: “Partnering with Bain Capital marks an exciting new chapter for Les Hôtels de Paris. With their support and expertise, we are optimistic about the future and confident in our ability to accelerate growth, reinforce our position in the French hospitality market and aim to become the leading independent experiential & boutique hospitality player in the region.”
Stephane Cohen, founding partner at Wingate Investment Bank, which advised Les Hôtels de Paris, said: “At Wingate Investment Bank, we are proud to have structured this transaction and introduced Bain Capital as a partner to Les Hôtels de Paris, putting the group back on solid ground.
“This alliance restores Les Hôtels de Paris’ strength in the French hospitality market and opens the way for both organic growth and strategic expansion.”
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