Les Hotels de Paris: management transactions · France · AMF

About Les Hotels de Paris

Les Hôtels de Paris is a French listed hospitality group traded on Euronext Paris under ISIN FR0004165801. Historically associated with the Machefert family, the company has built its development around a portfolio of distinctive hotels, with a clear emphasis on boutique properties, urban hospitality and prime locations rather than a standardized chain model. Its core business is to own, operate and enhance hotel assets, focusing on properties with strong identity, high positioning power and attractive real-estate fundamentals. The group is part of the broader Machefert Group ecosystem and, as of 2025, has entered a new strategic phase supported by Bain Capital. Based on Bain Capital’s announcement, Les Hôtels de Paris owns a portfolio of 18 prime hotels, including 17 centrally located in Paris and one in Saint-Tropez. This footprint underlines a highly selective geographic strategy centered on two of France’s most attractive hospitality markets: the Paris capital market, which benefits from global tourism, corporate demand and high barriers to entry, and the Saint-Tropez leisure market, which is associated with premium seasonal demand. The company’s positioning is therefore closely linked to experience-led hospitality, strong branding, and the monetization of well-located real estate assets. The company’s 2024 annual financial report shows that, alongside day-to-day hotel operations, management is actively working on asset refurbishment, reopening programs and selective expansion. One notable initiative is the creation of AMAZIGH RESORT in Morocco, 90% owned by Les Hôtels de Paris, designed to operate a renovated hotel in Marrakech from the second half of 2025. The report also refers to renovation projects and operational adjustments across the portfolio, as well as the closure of the continuation plan related to the Murano case. This suggests a portfolio management approach aimed at upgrading assets and restoring operating momentum. From a financial and governance perspective, 2024-2025 was a decisive period. The company entered judicial restructuring proceedings in April 2024, with the observation period extended by the Paris commercial court in November 2024, before a financing agreement with Bain Credit L.P. was signed in April 2025. In May 2025, the French market regulator AMF indicated that the Machefert concert still controlled the company, with approximately 75.65% of the share capital. Taken together, these developments point to a restructuring-led turnaround story, with the objective of stabilizing the balance sheet, reinforcing the capital structure and supporting the long-term repositioning of the business.