Two hotel professionals, along with 123 Venture, BPI France and BNP for funding, just finalized the acquisition of a hotel in Antony, for 8.5 million euros.
Following several success stories in the industry, the group invests primarily in under-exploited hotels, with the aim of revitalizing them and operating them as a franchise of first-rate hotel chains. To date, the group already operates over thirty hotels in France.
The Saint-Exupery company, already operating an Ibis Budget hotel in Goussainville, has acquired the building and business assets of a 3-star Balladins hotel in Antony. The 106-room facility will also be renovated to meet the Ibis Styles franchise (of the Accor group) standards.
Conveniently located within 10 minutes from Orly Airport, the hotel perfectly meets the expectations of its clientele, mostly made up of travelers and businessmen in a high activity area.
The Ibis Styles franchise will allow the hotel to benefit from the booking network and exposure of the Accor group. This new facility also allows the Accor Group to strengthen its presence around the Orly economic center.
Participants in the transaction
Saint-Exupery: Riad Boucetta, David Dassin
123 Venture: Pierre Dupuy-Chaignaud, Marie-Estelle Iorio
Company financial consulting: Effective Capital, Ilan Elbase, David Boccara, David Lancri
Legal counsel: Fiacre, La Batie, Hoffman & Associés, François Isautier
Financial audit: Columbus, Ali Fathi
Judicial Audit: Lamartine Conseil, Stéphane Rodriguez, Ugo Audouard
Effective Capital advised Accor’s franchisee for the financing of a new hotel
Led by two experienced professionnals, Premier Prix has just raised around 2.0 million euros from the investment fund 123Venture. The financing was led by BNP Paribas and Bpifrance to acquire an hotel in Antony (Paris suburb) and finance the work to upgrade it to Ibis Styles standards (Accor Group).
Premier Prix just raised nearly one and a half million euros from the Midi Capital and BPI investment funds.
Following several success stories in the industry, the group invests primarily in under-exploited hotels, with the aim of revitalizing them and operating them as a franchise of first-rate hotel chains. The group already operates around thirty hotels in France, and does not plan on stopping there.
Fundraising will be used to acquire a hotel in Grigny and for compliance work to bring it up to Ibis Budget (Accor group) standards. Close to Orly airport and to the future stadium of the French rugby team, this hotel offers 81 rooms as well as a meeting room. The hotel perfectly meets the expectations of its clientele, mainly made up of business people and travelers.
The Ibis Budget franchise will allow the hotel to benefit from the booking network and exposure of the Accor group. Moreover, this new hotel allows the Accor group to strengthen its presence in the Orly economic center.
Participants in the transaction
Assignor: Balladins Hotels
Midi Capital: Yohan Derai, Thomas Lebras, Jessica Dubos
Company financial consulting: Effective Capital, David Boccara, Chloé Sadoun
Legal counsel and company public accountant: Adexfi, Gad Hazout, Yohan Hazout
Investor financial auditing: Groupe Dédia, Manuel Rotzyld, Olivier Scheffel
Investor legal auditing: CLN Consult, David Nahon, Mathilde Castilla
Bank: BPI & BRED