LFPI Group has joined forces with a group of private investors to acquire the Le Yachtman hotel in La Rochelle.
The multi-strategy alternative asset manager which has over €27 billion in assets under management has teamed with ten private investors to buy the hotel located in the historic center of the city near the Old Port.
Owned and operated for several decades by Michelin-starred chef Jacques Le Divellec, the 4-star hotel comprises 46 rooms, a heated outdoor swimming pool and a bar.
LFPI is planning a major renovation of the Le Yachtman hotel, which will include expanding the number of rooms from 46 to 51, modernizing the hotel’s rooms and public spaces, and strengthening its boutique positioning while preserving its historical character.
What they said
Olivier Lange and Nicolas Fleischmann, president and business manager of LFPI Gestion said: “We are delighted with the completion of this hotel club deal, which allows the LFPI group to leverage its expertise accumulated over more than 20 years in the hotel sector with institutional investors, for the benefit of private investors wishing to engage in this dynamic and popular asset class. This acquisition is representative of our development strategy targeting mid-range, high-end and luxury assets, in strategic locations in Europe.”
Thierry Bigoni, president of LFPI Hôtels Gestion added: “With a limited supply of high-quality establishments, a high occupancy rate and limited seasonality for a coastal destination, La Rochelle constitutes a particularly attractive hotel market for investors seeking to seize growth and return opportunities. The acquisition and transformation of the Hôtel Le Yachtman fits perfectly into our strategy of promoting hotel assets in exceptional locations.”