Grape Hospitality announces the signing of an extension to the mortgage financing of the 86 hotels it owns and operates in France and 6 other European countries. This syndicated financing consists of several tranches:
- 352 million in principal financing
- A €40 million credit line dedicated to capex investments
- A €7 M VAT credit line
Grape Hospitality demonstrated its agility and operational and financial resilience during the health crisis, and is now benefiting from the rapid recovery of its business and gains in market share, with very strong performances across its network.
This three-year financing extension, with an option for a further year, reflects the renewed confidence shown in Grape Hospitality by its banking partners. Against a backdrop of high interest-rate volatility, it strengthens the Group’s financial structure and provides it with new investment capacity to support its growth.
Crédit Agricole CIB, Natixis CIB and Société Générale acted as co-arrangers in this refinancing.
Grape Hospitality is advised by Mayer Brown and First Growth Real Estate Finance (FGREF) as financial advisors.
Press contact. Aglaé Plunian . aglae@petillantedecom.com. 06 42 11 29 04
About Grape Hospitality:
Grape Hospitality is an integrated hotel platform, owning and operating a portfolio of 86 hotels in Europe, representing over 9,000 rooms under franchise. Since its creation in 2016, the group’s development has been ensured by the teams’ strong capacity for innovation, their expertise in hotel repositioning and an ambitious renovation plan. Today, Grape Hospitality manages a total of 110 hotels and hostels and 70 restaurants in 7 European countries. He is also the creator of the Demeures de Campagne brand, a “Slow Travel” concept for a high-end experience less than an hour and a half from Paris.
Grape Hospitality relies on a stable and recognized shareholder agreement, with Eurazeo as its main partner, to accelerate the transformation of companies with the most promising growth potential.
