Cheyne Capital Actual Property has supplied €200m (£172m) of senior debt to resort lodge group Beaumier.
The mortgage will probably be used to refinance the leisure operator’s present financial institution amenities and help a capital expenditure programme aimed toward enhancing its buyer expertise providing.
The KSL Capital-owned Beaumier platform consists of 12 life-style motels encompassing 546 rooms in high-end leisure places in France, Switzerland and Spain.
Beaumier plans to increase the portfolio by way of varied tasks and acquisitions throughout prime European locations within the coming years.
Oriane Emsalem, CFO at Beaumier, stated: “We’re thrilled to be working with Cheyne Capital as a financing companion, whose dedication is aligned with Beaumier’s progress technique.
”This partnership will enable us to extend deal with the repositioning of our motels within the Luberon and Wengen, in addition to the growth of the model by way of future strategic acquisitions in high-end European leisure locations with a mission to supply our visitors an intimate, genuine expertise whereas connecting with nature.”
Antoine-Julien Richard, mortgage originator at Cheyne Capital Actual Property, added: “This pan-European facility embodies one among Cheyne’s overarching funding theses: to finance distinctive motels managed by a robust operator and positioned in prime leisure markets.
”We consider such property provide each resilience to market volatility and additional progress potential. The mix of Beaumier’s experience in managing and repositioning motels, coupled with KSL’s in depth track-record and market main place within the leisure hospitality sector, was a key lending criterion for us.”
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