Eurazeo has announced that its 70% stake in Grape Hospitality has entered into exclusive negotiations with a view to selling a portfolio of 23 hotels in France (representing the bulk of its business segment) to a consortium formed by a hotel operator and a real estate fund.

This sale will enable the group to refocus on the mid-range and upscale segments, and crystallize its asset enhancement efforts.

Grape Hospitality owns and operates 85 hotels, and also manages 22 hotels, representing a total of over 10,000 rooms operated under franchise in seven European countries.

This transaction, which should be finalized by the end of the year, would be carried out at a valuation approximately 15% higher than the portfolio's value in Eurazeo's financial statements at December 31, 2023. It should generate net proceeds of around €35 million for Eurazeo's balance sheet, excluding any adjustment based on closing accounts.


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