A resilient budget and midscale hotel investment and operations platform, operating in the South-East of France.
FOUNDED BY CEO GILLES LARRIVÉ IN 2017, CASTELLET HOSPITALITY HAS A PORTFOLIO OF 22 BUDGET AND MIDSCALE HOTELS, MOSTLY OPERATING UNDER THE ACCOR, LOUVRE HOTEL GROUP, MARRIOTT AND B&B HOTEL FRANCHISE BRANDS.
Robust 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. The group’s success to date can be attributable to its high-quality portfolio and operational expertise.
Funding will be predominantly used for a buy-and-build strategy, with four hotels acquisitions having completed in tandem with the transaction, as well as to buy out a minority investor.
Castellet owns the freehold of the majority of its hotels, providing additional downside protection thanks to a strong real estate portfolio.