Global alternative asset manager Cheyne Capital Management has provided a €200 million-plus senior secured loan to leisure hospitality platform Beaumier, underscoring its confidence in the European lifestyle hotel market.
The loan will be used to refinance Beaumier’s existing bank facilities and support an ambitious capital expenditure programme, Cheyne said. Owned by KSL Capital, the Beaumier platform consists of 12 lifestyle hotels in France (the Alps, the Luberon/Provence, and the Cote d’Azur), Switzerland (the Alps) and Spain (the Balearic Islands).
The portfolio currently comprises 546 rooms, which Beaumier plans to increase through expansion projects and further acquisitions across prime European destinations in the coming years.
Source: https://propertyeu.info/Nieuws/Cheyne-Capital-provides-200m-loan-to-hotel-platform-Beaumier/ecd6dfc5-9cc2-4fe6-9093-21dd8d9d56f8, on 7 December 2022