Catella JV buys Hotel La Pérouse in Nice (FR)

Catella Hospitality JV buys Hotel La Pérouse in Nice (FR)

A joint-venture led by Catella Hospitality Europe (CHE), Extendam and Cèdre has acquired the Hotel La Pérouse, a legendary boutique-hotel in Nice overlooking the famous “Baie des Anges”. This new acquisition is motivated by the unique features of the hotel as well as the demonstrated dynamism of Nice to be further consolidated with its recent UNESCO heritage site award. Nestled on the “Colline du Chateau”, in the immediate vicinity of the old town of Nice, the Hotel La Perouse offers a high-end experience to guests thanks to its exclusive environment and tailored services. Located on the famous “Promenade des Anglais”, the hotel features 56 rooms and suites, most of which with private terraces or balconies offering bird's-eye views over the Mediterranean Sea.


Catella Hospitality Europe, Extendam and Cèdre intend to reposition the Hotel La Pérouse as Nice’s best luxury boutique hotel. In partnership with an internationally-renown designer, the new owners will fully renovate the property and enhance all common areas, to fully capitalize on the asset’s unique specificities and authenticity. A key element of the renovation program will be to create new attractive food and beverage outlets, appealing to the local community and visitors alike.


The managing partners at Catella Hospitality Europe said: “We are highly delighted to invest once more in Nice, and to take-over such high-potential property which sits in a unique location. The team aims at fully renovating this “sleeping beauty” – further contributing to the upscaling of Nice’s hotel market”.


Jean-Marc Palhon, Chairman of Extendam, said: “Nice is an attractive city we know well for having acquired several establishments there. La Pérouse hotel performed well in 2019, before the health crisis. The work we are undertaking to upgrade the hotel will place it as the only boutique-hotel of such standing in Nice and will give it every chance of even better results. We also have complete confidence in the teams of Catella Hospitality Europe to design a bright future for this new asset. This off-market operation is fully in line with EXTENDAM’s value-add investment strategy”.

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