Bain Capital, in partnership with Columbia Threadneedle and QuinSpark, has signed an agreement to acquire the newly refurbished Pullman Paris Montparnasse hotel from Unibail-Rodamco-Westfield, emphasizing a strategic expansion in the European hospitality market.

Target Information

Bain Capital, in collaboration with Columbia Threadneedle and QuinSpark Investment Partners, has signed a definitive agreement to acquire the Pullman Paris Montparnasse from Unibail-Rodamco-Westfield. This 4-star hotel, built in 1974, features 957 keys spread across 32 floors and is conveniently located adjacent to Gare Montparnasse in Paris's affluent 14th district. Previously refurbished in 2021 with an investment exceeding €216 million, the hotel's facilities were modernized, enhancing guest rooms and common areas along with technical infrastructure improvements.

As one of the largest contemporary hotels in the city, Pullman Paris Montparnasse offers spacious accommodations, with room sizes ranging from 22 to 60 square meters, exceeding the local competitive set by 10%. Its outstanding location provides exceptional access to key city landmarks, making it a prime choice for both international and domestic travelers. The hotel is equipped with significant amenities, including 4,520 square meters dedicated to meeting, conference, and exhibition spaces, as well as two dining options, a sky bar, a fitness center, and the potential for a 500-square-meter spa.

Industry Overview

France's hospitality market has long been regarded as one of the most attractive sectors in Europe, characterized by steady demand from both leisure and business travelers. Paris, as a global tourism hub, significantly contributes to this robust landscape, drawing millions of visitors each year. The market