Eurazeo Nears Major Sale of Grape Hospitality Hotels

Eurazeo (FR:RF) has released an update.

Eurazeo’s subsidiary, Grape Hospitality, is in exclusive talks to sell 23 French hotels, a move aligning with its strategy to focus on mid-range to upscale market segments and to capitalize on asset enhancements. The sale is set to complete by year-end, potentially yielding a 15% premium over book value and generating €35m in net proceeds for Eurazeo. Eurazeo is a major European investment group with €35.0bn in assets under management.

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