Together with theirs associates and team, Honotel Développement leaders are committed to supporting institutional investors, investment funds, hotel groups and private wealth in the hospitality sector. The performances of Honotel Développement highlight the strong value added with its complete range of bespoke services.
After successfully heading up the French subsidiary of the Best Western hotel franchise group for four years, Antoine de Bouchony and Laurent Lapouille joined forces to achieve hospitality private equity deals.
Together, the three leaders managed Paris-Honotel and took on the asset and operational management of a portfolio of 3 and 4-star hotels in Paris, further strengthening it as new opportunities arose.
Honotel, in association with the investment bank Lazard, acquired fifteen 2 and 3-star Timotel brand hotels in Paris from Westmont-Goldman Sachs.
This was Honotel’s first LBO operation, with structured financing provided by Crédit Agricole Corporate & Investment Bank (CA CIB).
In 2006, the portfolio of 15 Timotel hotels was sold to the LFPI Group. This sale was based on an EBITDA multiplied by two thanks to a combined strategy optimizing the assets – particularly with €6m invested to refurbish the hotels – and strengthening their commercial development.
Following this sale, the Timotel portfolio was managed for LFPI through to 2008.
between 2003 et 2007
The internal rate of return on the Timotel operation was over 35% for 2003-2006.
In partnership with Chequers Capital, the managers supported the creation of the CHF venture capital fund. From 2008 to 2012, the fund’s hotels portfolio was built up.
They are responsible for its asset management and operational management.
In 2014, Laurent Lapouille and Antoine de Bouchony set up and managed the divestment of the portfolio of 19 hotel assets held by the CHF venture capital fund.
The sales were carried out over 36 months on a unit basis
In a delicate environment, with historically low rates, the CHF fund, which completed its final sales in 2017, delivered an IRR of over 15% for the period from 2008 to 2017.
In 2015, the investment management company Hôtel Investissement Capital was created. Authorized by the AMF, the French Financial Markets Authority (GP -15000008), it performs collective management activities.
Olivier Perret du Cray, previously a Senior Advisor with Crédit Agricole Corporate & Investment Bank’s (CA CIB) Real Estate Division, was appointed as chairman of Hôtel Investissement Capital.
The investment management company Hôtel Investissement Capital finalized the raising of capital for its first fund, the Hôtel Patrimoine private equity fund, with professional investors.
This fund, currently in the investment phase, has allocated two thirds of its €38m of equity to carrying out operations on its own or with partners.
With the Happyculture Collection label, the customer experience is positioned at the heart of hotels’s operational strategy.
This strategy is built around enthusiastic, expert team, stylish venues, outstanding quality of service, free high speed wifi, opportunities for sharing, roaming services, etc. Its first results are promising.
With the launch of Honotel AM, its asset management specialist, the Group has further strengthened its range of expert services with a view to supporting its partners – institutional investors, fund managers and private wealth – throughout all the phases in their investments.
Alongside this, the Group is completing the digitalization program for all its hotels under management, while carrying out several divestment and investment operations.
