PERIAL Asset Management has paid €125 million for Club Med Grand Massif in Samoëns, France.
CBRE advised the seller, Covivio.
The hotel has operated since its opening by Club Med under a long-term lease with a fixed rent, allowing the new owner to benefit from a secure income stream. The resort comprises 420 guest rooms, two restaurants, two bars, accommodations for 165 employees, as well as a range of leisure facilities and kids’ clubs.
“The hotel has attracted a lot of interest from investors, especially institutional investors, demonstrating their confidence in the rapid recovery of the hotel market and the short-to-medium term prospects for the sector. This asset attracted new entrants into the market alongside traditional real estate investors in search of diversification,” said Sami Mendil, director, hotels investment properties at CBRE.
Stéphane Collange, CIO of PERIAL Asset Management, added, “We are very proud to have Club Med Samoen
