France's Centaurus Group has received a financing of €165 mln from Tristan Capital Partners to fund its expansion plans.
This senior financing was made possible by securing the loan on seven recently renovated 4 and 5-star hotel assets in strategic locations such as the Champs-Élysées and Place Vendôme neighborhoods in Paris, host to this summer's Olympic Games.
The financing represents one of the largest in France in 2024 within the hospitality sector, and was provided on a segregated account basis by one of Tristan's investors.
Founded in its current form in 2020 by Céline Falco, Jean-Bernard Falco, and Grégory Pourrin, Centaurus Group has been present in the Parisian market for four generations.
The group functions as both manager and owner of a portfolio of 43 hotels (4 and 5-star), comprising over 2,600 rooms, 30 restaurants, 18 spas, and employing 1,600 staff members.
The group achieved a total turnover of €136 mln in 2023, with assets under management valued at €1 bn. This transaction will consolidate and streamline Centaurus' asset-level debt.
Céline Falco, managing director and co-founder of Centaurus Group, said: 'The Centaurus Group is constantly evolving, and we are delighted with this transaction with Tristan Capital Partners, which allows us to streamline our debt for simplified management, enhance the group's liquidity, continue renovating our assets, and pursue new opportunities.
'We thank our advisory team spearheaded by Sofiane Megharbi and Rudy Allouch at Maya Private Capital Investments for their professionalism and successful collaboration once again.'
Dan Pottorff, Tristan Capital Partners’ head of debt investment added: 'We are delighted to have completed the financing, on behalf of a segregated account, of this exceptional quality hospitality portfolio.
'Considering the strong fundamentals supporting alternative credit markets across Europe, we continue to deploy significant capital on great quality assets and to the highest calibre sponsors.
'This is the seventeenth loan Tristan has arranged since launching its lending platform in the summer of 2021, taking the firm’s total to over €1 bn of loans under management.'
Centaurus Group continues its expansion with plans to open new locations in Nice, Chamonix, Divonnes-les-Bains, and Cabrières d’Avignon in France, as well as internationally in Braga, Rome, Brussels, and Côte d’Ivoire in the coming months.
