Summer Hotels has opened its capital to a consortium of institutional investors led by Bpifrance, alongside Sofipaca Groupe Crédit Agricole and BNP Paribas Développement, to strengthen its equity base and pursue an active acquisition strategy in the Provence-Alpes-Côte d'Azur region.

Information on the target

Summer Hotels, established in 2004, is the leading independent hotel group in the Alpes-Maritimes region, operating 11 hotels ranging from 3 to 4 stars between Cannes and Menton. Each hotel within the group boasts its own unique identity while adhering to high-quality standards. Over the past two decades, Summer Hotels has emerged as the largest independent hotel operator on the Côte d'Azur, generating a revenue of €36 million and aiming to exceed €40 million by 2026.

The group is led by a highly capable management team, including General Directors Laurent Rossi and Audrey Denis, who, alongside the Founder and President, have instilled a passion for hospitality throughout the organization. The focus on human resources and customer satisfaction is central to their strategic approach.

Industry overview in the target’s specific country

The hospitality industry in France, particularly in the Provence-Alpes-Côte d'Azur region, is characterized by a robust tourism sector that attracts millions of visitors annually. This region is renowned for its picturesque landscapes, cultural