- A unique investment opportunity for a luxury hotel situated in one of the worlds most prestigious ski resorts - Courchevel, France. A rare opportunity to fund a desirable project by leading real estate developers and hospitality experts.
- The luxury 4* hotel features 60 keys in a six-story luxury and family-orientated hotel and ski resort, suitable for single or family visitors with onsite dining facilities and direct access from the front of the hotel to an operable ski lift. The 60 Key hotel is part of a 127-key complex that also contains 90 residences that are operated as part of the hotel. The property also contains an additional 15 residences reserved for staff accommodation and 120 parking spaces.
- The hotel is made up of studio rooms and suites ranging from 2 to 6 beds; with larger sized rooms on average to appeal to families. Each room is decorated in a traditional French chalet style and benefits from superb alpine views of the surrounding mountain area.
- The hotel was recently built and opened in mid-December 2019 to great success with the hotel doubling their forecast revenue for the opened period. A recent valuation of the hotel by CBRE performed in March 2020 valued the hotel in €80.9m. Upon opening the hotel was refinanced with Senior debt amounting to €22m and Mezzanine loan of €10.4m making total leverage 40% LTV.
- The current mezzanine lender is looking to reduce its current loan as it requires to deploy capital in other projects in their portfolio. For this they are looking to onboard another investor that can take 50% of their current loan, €5. 3m for a remaining period of 28 months until December 2022 at a 9% annual interest rate. The mezzanine ranks second ranking against the hotel and first ranking against a portfolio of 15 apartments with value of €9.55m.
DEAL DATA ROOM
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