Benson Elliot Capital Management, the UK-based private equity real estate fund manager, has sold the Sophia Country Club four-star hotel in the South of France, to Eren Group, advised by Europrestim Management.
Benson Elliot Capital Management, the UK-based private equity real estate fund manager, has sold the Sophia Country Club four-star hotel in the South of France, to Eren Group, advised by Europrestim Management.
Financial details were not disclosed.
Eren Group will take over the SCC hotel activity and will set up the Mouratoglou Tennis Academy with the assistance of Europrestim Management as project manager. The disposal has been made on behalf of Benson Elliot Real Estate Partners III.
SCC is a popular business and leisure hotel in Sophia-Antipolis, in the French Riviera. Benson Elliot acquired SCC off-market in November 2011, after which it undertook a six-month programme to upgrade and enhance the hotel’s facilities, and generate new income streams from the leisure and sporting segments.
The hotel was re-launched in June 2012 boasting 155 modern hotel rooms, 900 m2 of conference space, a high-quality restaurant, and leisure and sports facilities. These include a state of the art spa centre and 20 ATP-standard tennis courts.
'The Sophia Country Club exemplifies the kind of opportunity that appeals to us: an undermanaged asset where we can use our sector expertise and financing skills to create a dominant product with broad appeal,' said Trish Barrigan, senior partner of Benson Elliot.