Bain Capital has invested €135 million in Les Hôtels de Paris as part of a restructuring strategy to enhance growth in the French hospitality sector.

Target Information

Bain Capital has made a significant investment in the French boutique hotel group, Les Hôtels de Paris, as part of a €135 million (approximately $158.9 million) refinancing initiative. This investment is designed to bolster the company’s expansion strategy within Europe’s hospitality sector. The transaction is structured as super senior bonds and is part of a restructuring plan sanctioned by the Paris Commercial Court in July 2025. This plan seeks to combine operational reorganization with selective asset disposals, aimed at reducing liabilities while simultaneously providing the necessary capital for growth.

Les Hôtels de Paris, a member of the Machefert Group and listed on Euronext Paris, manages a portfolio of 18 hotels, with 17 located in central Paris and one in St. Tropez. This investment follows Bain Capital's recent acquisition of the Pullman Paris Montparnasse Hotel, signaling a strategic expansion within the French hospitality landscape.

Industry Overview in France

The hospitality industry in France has long been a cornerstone of the national economy, with Paris as one of the world’s foremost travel destinations. The sector has seen a resurgence in recent years following the c