Strategy and Partners
From 2009 to 2013
- Consolidation and progressive development of 2 to 4-star hotels in Paris.
10 hotels are currently under 100% Paris-Honotel ownership. - Current work on the acquisition of some thirty hotels in the centre of Paris and in the main metropolitan areas of France.
15 hotels have already been acquired under this strategy, for which Paris-Honotel is the minority partner with CHF, the Chequers Capital investment fund.
Each asset has a unit value of €1 to €15 million. - Positioning for the acquisition of hotel portfolios, mainly in France, also with Chequers Capital.
These assets can have a value of between €20 and €150 million.
A history of expertise
2000-2010: Expertise among the managers and teams and the history of the Paris-Honotel Group.
LBO operations:
- LBO operations (portfolio purchases, creation of new portfolios) with leading investment funds (Lazard, LFPI, Chequers Capital) and supported by major banks for structured or conventional financing (Calyon/CACIB, HSBC, NATEXIS, SG, OSEO).
Profitability on equity invested (of the LBO type) and insured banking covenants.
Acquisitions:
- Target sourcing in keeping with investment criteria (400 hotels examined in 2008/2010)
Negotiation, elaboration and “turnkey” financial structures for 40 acquisitions, alone or as a minority or majority partner
Renovations and upgrading to regulatory and “market” standards for 1,500 rooms
Restructuring hotels and hotel portfolios that are failing
Hotel performances:
- Average growth in cash flow for new acquisitions after 3-4 years: + 60%
Average growth in turnover for new acquisitions after 3-4 years: +30%
Teams:
- The companies acquired are managed by a team of high-level experts
General Management of the Best Western France Franchise Group, 1996/2001
Full understanding of international environments
Proven experience during a crisis