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 managed Paris-Honotel and took charge of the asset management and operational management of a portfolio of 3- and 4-star Parisian hotels, which they developed as opportunities arise.

The portfolio of 15 Parisian 2- and 3-star hotels under the Timotel banner (850 rooms) was sold to the LFPI Group. It had been acquired in 2003 in association with Banque Lazard via an LBO, whose structured financing was provided by Crédit Agricole Corporate & Investment Bank (CA CIB).
The portfolio of 15 Parisian 2- and 3-star hotels under the Timotel banner (850 rooms) was sold to the LFPI Group. It had been acquired in 2003 in association with Banque Lazard via an LBO, whose structured financing was provided by Crédit Agricole Corporate & Investment Bank (CA CIB).

In partnership with Chequers Capital, Laurent Lapouille and Antoine de Bouchony supported the creation of the FCPR CHF. Between 2008 and 2012, they made up the fund’s portfolio with the acquisition of 19 3- and 4-star hotels in France (920 rooms). They were responsible for asset management and operational management
From 2014 onwards, the managers would organise and manage the transfers. Carried out in batches, they took place over 36 months.

Approved by the AMF(GP -15000008), the Société de Gestion de Portefeuille (SGP) Hôtel Investissement Capital carried out collective management.
Its founders appointed Olivier Perret du Cray, former Senior Advisor to the Real Estate Department of Crédit Agricole Corporate & Investment Bank (CA CIB), as Chairman.

SGP Hôtel Investissement Capital finalised the raising of €38m of capital for its first fund, the Hôtel Patrimoine professional private equity fund (FPCI), from professional and similar investors.

With the Happyculture Collection label, the customer experience is placed at the heart of the hotels’ operational strategies. Enthusiastic and expert hosts, stylish venues, quality service, free high-speed wifi, moments for sharing, small traveller services… these all form the basis of its success.

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

157 hotel assets monitored
Two years after its creation, Honotel MDO monitors the operations of 157 multi-brand hotels (12,500 rooms) in 8 European countries on behalf of institutional clients and the Group.

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