Track the Hotel Majestic de Cannes stock price and the full directors' dealings record of the company, a publicly traded company based in France. Shares are quoted on FR FR, under the supervision of AMF. Operating in the Retail sector, Hotel Majestic de Cannes has logged 1 insider filings. Market capitalisation: €370.9m. The latest transaction was reported on 13 April 2023 (Engagement de céder). Among the most active insiders: Dominique DESSEIGNE. All data is openly available.
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Société Immobilière et d’Exploitation de l’Hôtel Majestic, listed in Paris under ISIN FR0006226791 and commonly traded under the ticker MLHMC, is a French hospitality company focused on high-end hotel operations in Cannes. Its core asset is the Hôtel Barrière Le Majestic Cannes, a landmark property located at 10 Boulevard de la Croisette, directly facing the Palais des Festivals in one of the most prestigious hotel markets on the French Riviera. The company operates one hotel and two restaurants, with a business model positioned at the luxury end of the international hospitality spectrum. The company’s roots date back to 1954, which is the founding year generally associated with the business. Over time, the Majestic has become a reference address for leisure travelers, corporate guests, and major event attendees, particularly during the Cannes Film Festival, a key commercial driver for the property and its food-and-beverage outlets. A recurring investment program has been in place since 2008, supporting upgrades to the asset, enhancing competitiveness, and reinforcing its premium market positioning in a highly competitive local environment. Economically, the business is driven by room revenue, dining, and ancillary income streams. For the fiscal year ended 31 October 2024, hotel accommodation generated EUR 59.1 million, food and beverage EUR 15.9 million, and other revenues EUR 13.9 million, including boutique and storefront rents, meeting-room rentals, spa activities, and various supporting services. Total revenue reached EUR 89.4 million, up from EUR 86.4 million the prior year, while net profit came in at EUR 26.1 million. Operating profit was EUR 33.3 million, and net cash, including group current accounts, stood at EUR 113.7 million at 31 October 2024. The Majestic’s strategic strength lies in its prime location on La Croisette and its international brand recognition tied to Cannes’ luxury and events ecosystem. Geographically, the company is highly concentrated in Cannes, with no material diversification beyond this flagship asset. Notable features of the business include its strong seasonal and event-driven demand profile, its premium positioning, and management’s stated caution on the outlook despite a stable operating trend from 1 November 2024 onward.