Eurazeo: sale of 22 hotels by Grape Hospitality

(CercleFinance.com) - Eurazeo has announced that Grape Hospitality, in which it holds a 70% stake, has sold a portfolio of 22 hotels in France.


This portfolio, representing the bulk of Grape Hospitality's budget hotels, is being acquired by a consortium formed by a hotel operator and a real estate investor.

This strategic transaction marks a major step in Grape Hospitality's development, enabling the Group to refocus on the upper midscale and upscale segments.

This transaction is fully in line with the strategy defined by Eurazeo's Real Estate team and Grape Hospitality's management to transform the Group and develop its portfolio through operational and real estate repositioning, while
diversifying into innovative segments.

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