Cheyne Capital Real Estate has provided 鈧�200m (拢172m) of senior debt to resort hotel group Beaumier.
The loan will be used to refinance the leisure operator鈥檚 existing bank facilities and support a capital expenditure programme aimed at enhancing its customer experience offering.
The KSL Capital-owned Beaumier platform consists of 12 lifestyle hotels encompassing 546 rooms in high-end leisure locations in France, Switzerland and Spain.
Beaumier plans to expand the portfolio through various projects and acquisitions across prime European destinations in the coming years.
Oriane Emsalem, CFO at Beaumier, said: 鈥淲e are thrilled to be working with Cheyne Capital as a financing partner, whose commitment is aligned with Beaumier鈥檚 growth strategy.
鈥漈his partnership will allow us to increase focus on the repositioning of our hotels in the Luberon and Wengen, as well as the expansion of the brand through future strategic acquisitions in high-end European leisure destinations with a mission to offer our guests an intimate, authentic experience while connecting with nature.鈥�
Antoine-Julien Richard, loan originator at Cheyne Capital Real Estate, added: 鈥淭his pan-European facility embodies one of Cheyne鈥檚 overarching investment theses: to finance unique hotels managed by a strong operator and located in prime leisure markets.
鈥漌e believe such assets offer both resilience to market volatility and further growth potential. The combination of Beaumier鈥檚 expertise in managing and repositioning hotels, coupled with KSL鈥檚 extensive track-record and market leading position in the leisure hospitality sector, was a key lending criterion for us.鈥�
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