Capital France Hôtel, a separate account managed by Schroders Capital, has the Riviera Marriott Hotel La Porte de Monaco to Swiss-based investor Achernar Assets for an unspecified amount.
The four-star Marriott Cap d’Ail hotel located in Cap d’Ail been managed by Schroders Capital under a management contract with Marriott International following its acquisition in 2008.
Benjamin Chiche, deputy head of hotels at Schroders Capital, said: “In close collaboration with Marriott International, Schroders Capital implemented an operational and commercial repositioning strategy aimed at maximising the value of this asset for our client. Through the initiatives deployed, we have significantly enhanced the hotel’s attractiveness and positioning in a rapidly growing market.
“Today, we are proud to pass this hotel to a strategic player in the Port of Cap d’Ail, who will continue its development.”
Corrado Agusta, CEO of Achernar Assets, said: “This acquisition marks a key milestone in our commitment to the strategic development of the Port of Cap d’Ail. We fully share the repositioning vision expressed by Benjamin Chiche and are convinced that this project will continue to enhance the attractiveness and competitiveness of the port in the long term.
“We particularly appreciated the smooth and efficient collaboration with Marriott International and Schroders Capital throughout this transition, ensuring a seamless handover and optimal continuity for the hotel’s management, clients and partners.”
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