Cheyne Capital Real Estate has provided €200m (£172m) of senior debt to resort hotel group Beaumier.
The loan will be used to refinance the leisure operator’s existing bank facilities and support a capital expenditure programme aimed at enhancing its customer experience offering.
The KSL Capital-owned Beaumier platform consists of 12 lifestyle hotels encompassing 546 rooms in high-end leisure locations in France, Switzerland and Spain.
Beaumier plans to expand the portfolio through various projects and acquisitions across prime European destinations in the coming years.
Oriane Emsalem, CFO at Beaumier, said: “We are thrilled to be working with Cheyne Capital as a financing partner, whose commitment is aligned with Beaumier’s growth strategy.
”This partnership will allow us to increase focus on the repositioning of our hotels in the Luberon and Wengen, as well as the expansion of the brand through future strategic acquisitions in high-end European leisure destinations with a mission to offer our guests an intimate, authentic experience while connecting with nature.”
Antoine-Julien Richard, loan originator at Cheyne Capital Real Estate, added: “This pan-European facility embodies one of Cheyne’s overarching investment theses: to finance unique hotels managed by a strong operator and located in prime leisure markets.
”We believe such assets offer both resilience to market volatility and further growth potential. The combination of Beaumier’s expertise in managing and repositioning hotels, coupled with KSL’s extensive track-record and market leading position in the leisure hospitality sector, was a key lending criterion for us.”
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