Hospitality investment
& management

After having successfully managed the French subsidiary of the Best Western hotel franchise group for four years, Antoine de Bouchony and Laurent Lapouille joined forces in hotel investment operations.
Together, they ran Paris-Honotel and took charge of the asset management and operational management of a portfolio of 3 and 4 star hotels in Paris which they expanded as opportunities arose.

The portfolio of 15 two and three star hotels in Paris under the Timotel banner (850 rooms) was sold to the LFPI Group. It was acquired in 2003 in association with Lazard Bank via an LBO with structured financing provided by Crédit Agricole Corporate & Investment Bank (CA CIB).
The sale was based on an EBITDA that had been doubled through a mixed strategy of asset optimisation and business development. The Timotel portfolio was managed on behalf of LFPI until 2008.

In partnership with Chequers Capital, Laurent Lapouille and Antoine de Bouchony supported the creation of the mutual fund FCPR CHF. Between 2008 and 2012, they built the fund’s portfolio with the acquisition of 19 three and four star hotels in France (920 rooms). They provided asset management and operational management.

From 2014 onwards, the managers organised and steered the disposals. They were carried out in batches over 36 months.

Hôtel Investissement Capital is an AMF-approved portfolio management company (SGP) (GP-15000008) and is engaged in collective investment management. Its founders chose Olivier Perret du Cray as President. Perret du Cray is a former Senior Advisor to the Property Department of Crédit Agricole Corporate & Investment Bank (CA CIB).

The SGP Hôtel Investissement Capital raised €38 million in capital for its first fund, the Hôtel Patrimoine professional private equity fund (FPCI), from professional and similar investors.

With the Happyculture Collection label, the client experience is placed at the heart of the hotels’ operational strategy. Its success is based on enthusiastic and expert hosts, stylish venues, quality service, free high-speed wifi, opportunities for sharing, small mobile services, etc..

With the launch of Honotel MDO, a specialist in transaction monitoring, the Group extended its range of expert services to support its institutional investor partners, fund managers and private assets in all phases of their investments.

Two years after it was created, Honotel MDO monitors the operations of 157 multi-brand hotel assets (12,500 rooms) in 8 European countries on behalf of institutional investors and the Group.

For its new fund, the FPCI Cap Hospitality, SGP Hôtel Investissement Capital had already raised €42 million of capital, half of which came from institutional investors. This fund, dedicated to short and medium stay commercial accommodation, acquired 5 hotels in France.