La Française Real Estate Managers (REM) has acquired a four-star hotel resort close to the centre of La Salle-les-Alpes, France, from Adim Lyon, a subsidiary dedicated to Vinci Construction's real estate development.
Financial details were not disclosed.
Located at the foot of the slopes of Serre-Chevalier, the resort is located between Grenoble and Turin. Designed by the architectural firm Studio Arch, the 4-star resort develops over 12,000 m2 spread over six floors. It includes 164 units with natural lighting (2 to 4 room suites).
It offers a wide range of services including relaxation areas (sauna, hammam), a lounge, a laundry room, a ski rental shop as well as clubs for teenagers and children.
The project aims to obtain ‘Very Efficient’ NF Habitat HQE certification. The delivery date is set at the end of 2025 and the asset will be fully leased under a long-term lease to operator, MMV. A subsidiary of Compagnie des Alpes, MMV has been operating in the French Alps for more than 30 years, with 21 sites in 16 stations in the Alps.
Leslie Villatte, director of Institutional Real Estate Investments and Development - France at La Française Real Estate Managers - Institutional Division, said: 'In the current macroeconomic context, tourism assets, with their defensive profile, are taking on their full meaning. The resort’s prime location, sustainability characteristics as well as its experienced operator, are factors that should support its valuation over the long term.'
