Closed-ended fund (Club deal)

SCI PREIM HOSPITALITY

Creation of an institutional fund offering investors diversified exposure to budget hotels in France and the euro zone:

PREIM Hospitality’s investment strategy is to create a portfolio of hotel assets operated by the company B&B generating relatively high rental yields secured by fixed, long-term leases.
At the end of 2019, Primonial REIM entered into an equity partnership with B&B Hôtels and institutional investors, creating a Europe-wide hotel fund whose rollout has resulted in the acquisition of two portfolios of 59 and 30 hotel premises respectively, located in France, and the contribution by B&B of two assets in Italy.
Under this long-term partnership with B&B Hôtels, the latter has undertaken to coinvest and offer the fund the premises of new assets in connection with its European development strategy. The fund’s asset base is set to grow as new assets are proposed by B&B.

Pays de commercialisation :

France

Nature des investissements :

Budget hotels - Europe

Type :

Closed-ended fund (Club deal)

Localisation :

Europe, significant geographical diversification

Surface :

157,700 sq. m

Date d'acquisition :

2019

Montant total de l'acquisition :

€400m

Portefeuille :

90 hotel assets operated under the brand name B&B

Rendement :

approx. 7%