Cheyne Capital Management has completed a sizeable senior secured facility for European leisure hospitality platform Beaumier. The loan, provided by funds managed and advised by Cheyne’s Real Estate group, will be used to refinance the existing bank facilities and support an ambitious capital expenditure programme aimed at enhancing the Beaumier experience.
The KSL Capital-owned Beaumier platform consists of 12 lifestyle hotels in high-end leisure locations 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, and management plans to grow this significantly through expansion projects and further acquisitions across prime European destinations in the coming years.
Oriane Emsalem, CFO at Beaumier said: “We are thrilled to be working with Cheyne Capital as a financing partner, whose commitment is aligned with Beaumier’s growth strategy. This 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.”
Antoine-Julien Richard, Loan Originator at Cheyne Capital Real Estate, added: “This pan-European facility embodies one of Cheyne’s overarching investment theses: to finance unique hotels managed by a strong operator and located in prime leisure markets. We believe such assets offer both resilience to market volatility and further growth potential. The combination of Beaumier’s expertise in managing and repositioning hotels, coupled with KSL’s extensive track-record and market-leading position in the leisure hospitality sector, was a key lending criterion for us.”