Castellet Hospitality

Based in Marseille, France, Castellet is a robust, fast-growing hospitality business operating in one of the most resilient segments of the market, with a portfolio split between c.75% economy/budget and c.25% midscale, targeting a blend of business and leisure customers in the South-East of France. The group’s success to date can be attributable to its high-quality portfolio and operational expertise.

Three Hills’ funding will be used to support the company’s buy-and-build strategy, with four hotels acquisitions having completed in tandem with the transaction.

Castellet owns the freehold of the majority of its hotels, providing additional downside protection thanks to a strong real estate portfolio.