European investment manager Eurazeo has acquired a majority stake in French aparthotel operator Babylon, with the company’s founders remaining as shareholders.
Babylon was founded in early 2025 by chief executive Martin Stalla-Bourdillon, alongside Thomas Zaepffel and Geoffroy Mestrallet.
Eurazeo made the acquisition through its EZORE fund, launched in December 2024, that focuses on operational real estate assets across Europe
The platform currently operates or is developing around 5,400sqm containing approximately 400 beds, alongside a pipeline of nearly 5,000sqm under exclusivity.
Eurazeo said its real estate team will support Babylon’s expansion, aiming to triple the size of the portfolio by 2030. The investment manager will assist Babylon in acquiring new assets for repositioning, targeting underperforming hotels and vacant office buildings ranging from 500 to 4,000sqm.
Riccardo Abello and Pierre Larivière, co-heads real estate at Eurazeo, said: “We are delighted to partner with Babylon and its founding team. The company has established a compelling position in the aparthotel segment, underpinned by strong growth ambitions and alignment with evolving structural trends.
“This investment reflects the relevance and ambition of EZORE, which is dedicated to supporting high-growth European companies that both operate and own their real estate assets.“
Eurazeo said the transaction marks the second investment for its EZORE fund, following the acquisition of Aquardens, Italy’s largest thermal park located in the Veneto region.
Stalla-Bourdillon, Zaepffel and Mestrallet, said: “We view Eurazeo’s investment in Babylon as a major milestone. This partnership validates both our vision and our positioning in a rapidly evolving market.
“The backing of a leading institutional partner will enable us to accelerate our growth while remaining true to our DNA, grounded in asset quality, operational excellence and customer experience.”
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