Achernar Assets AG has acquired the Riviera Marriott Hotel La Porte de Monaco, enhancing its investment portfolio in the strategic Port of Cap d’Ail.

Information on the Target

Achernar Assets AG has successfully acquired the Riviera Marriott Hotel La Porte de Monaco, conveniently located in Cap d’Ail at the Côte d’Azur. This four-star hotel is ideally situated on the border of Monaco, offering breathtaking views of the Cap d’Ail Marina and proximity to the Louis II Stadium. The hotel features 186 well-appointed rooms, including 15 luxurious suites, alongside a restaurant, bar, swimming pool, and 580 square meters of versatile meeting space.

Industry Overview in the Target's Specific Country

The hospitality sector in France, particularly in iconic destinations like the Côte d’Azur, has witnessed substantial growth in recent years. As a premier travel destination, the region attracts millions of tourists annually, bolstering demand for high-quality accommodations. The influx of international travelers seeking luxury experiences makes this area a lucrative market for hotel investments, presenting significant opportunities for growth and profitability.

Furthermore, the recovery of the tourism industry post-pandemic has led to increased occupancy rates and average daily rates (ADR) across hotels. The strategic location of hotels, especially those near popular attracti