Transaction

Clearwater and Maya Global Markets advise the founders of Paris Inn Group and Maison Albar Hotels in the negotiation of their partnership with Oaktree

Transaction

Paris Inn Groupa and Maison Albar have created Centaurus, a hotel financed by Oaktree

Management advisory

€115m

Role

Adviser to Paris Inn Group and Maison Albar Hotels on the structuring of the financing

Sector

Consumer

Region

France

Clearwater and Maya Global Markets have advised the shareholders of Paris Inn Group and Maison Albar Hotels on the creation of a common hotel structure which includes five historical business units (management, brand, majority or minority shareholding, lease-management). This will enable the Falco family (Paris Inn Group) and the Albar family (Maison Albar Hotels) to project themselves into the new decade, making Centaurus one of the leaders in European hotel management.

Founded in 2005, under its current structure by Céline and Jean-Bernard Falco, the Paris Inn Group which they manage with their CEO-Partner Grégory Pourrin has been active in the Paris market for four generations. The company is both manager and investor of a 35 4-star and 5-star hotels within the portfolios, mostly located in Paris, representing a total of more than 2,000 rooms and more than 1,000 employees. The company had a consolidated turnover of €100m as of 31 December 2019, with assets under management valued at nearly €1bn.

Oaktree is notably supporting Centaurus by investing €115m in this ambitious development strategy in order to further deploy the new Maison Albar Hotels luxury boutique hotel brand abroad and enable the hotel management company to become a true reference in Europe.

image 45

Having founded the company in 2005, we have, over these past 15 years, benefited from numerous structured financings from our financial partners such as Zencap, Bpifrance, and Bank of China. This investment from Oaktree is one of the most important ever implemented in France during this period of pandemic in a sector considered by many to be severely impacted. We like the contrarian spirit of the Oaktree teams that we have known for many years and with whom we share both the same values and the same confidence in the future, in our sector and in our teams.

Jean-Bernard Falco, Chairman and Founder, Paris Inn Group, Céline Falco, Vice-Chairman, Paris Inn Group
image 45

We are delighted to have the opportunity to collaborate with an international player, as respected and recognised as Oaktree, to keep developing our group in the post-crisis period which will inexorably begin in a few months with renewed ambition to reach €1bn of turnover by 2030.

Gregory Pourrin, Co-founder, Centaurus

Clearwater is honoured to have the opportunity to participate in this transaction, which will structure the future of Paris Inn and Maison Albar Hotels, and which will enable the creation of French-style luxury flagships in Nice and other capitals. Congratulations to Céline, Jean-Bernard and Grégory for the passion they bring to their work.

Thomas Gaucher, Managing Partner, Clearwater

We have been closely following the development of the Paris Inn Group for several years and are delighted to embark on a common adventure today, for which this financing is intended to be only a first step. We have been able to appreciate over the past few months, and in an unprecedented context, all the professionalism, resilience and agility of the teams. We particularly value the entrepreneurial and family DNA of Centaurus and we are delighted to be able to support, Céline & Jean-Bernard Falco and Grégory Pourrin in this new stage of the group’s development.

Vincent Catherine, Managing Director, Oaktree, Hugo d’Avout d’Auerstaedt, Managing Director, Oaktree

Advisers

405x543 Gaucher Thomas
Thomas Gaucher
Managing Partner and Co-Founder +33 622 031 669 thomas.gaucher@clearwatercf.com

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