Dynamique Hôtels, a hotel investment company founded by CBRE Investors, has acquired a portfolio of 19 Bonsai Hotel sites providing about 1,000 rooms. The financial details were not disclosed. The hotels are located in the French cities of Avignon, Belfort, Caen, Calais, Cergy, Cherbourg, Colmar, Dijon, Martigues, Marseille, Vitrolles, Metz, Nancy, Orléans, Rennes, Saint Brieuc, Saint Emilion, Toulouse, and Vienne. The company was advised on the deal by Christie Co.
Dynamique Hôtels, a hotel investment company founded by CBRE Investors, has acquired a portfolio of 19 Bonsai Hotel sites providing about 1,000 rooms. The financial details were not disclosed. The hotels are located in the French cities of Avignon, Belfort, Caen, Calais, Cergy, Cherbourg, Colmar, Dijon, Martigues, Marseille, Vitrolles, Metz, Nancy, Orléans, Rennes, Saint Brieuc, Saint Emilion, Toulouse, and Vienne. The company was advised on the deal by Christie Co.
After the fund raising scheduled for this month, Dynamique will have an investment capacity of EUR 500 mln. The company, chaired by Jerome Castelnau and led by Gérard Ezavin, said that its portfolio currently comprises 78 hotels. Dynamique plans to get listed and convert to a tax-efficient SIIC vehicle by 2010.
