The portfolio, which comprises the Sofitel Bora Bora Marara Beach Resort, Sofitel Bora Bora Private Island and Sofitel Moorea Ia Ora Beach Resort will continue to be managed by AccorHotels under long term management agreements.
AccorHotels has sold its French Polynesian resort portfolio to Grey Investment Group.
As part of the sale Grey Investment Group has also committed to an extensive refurbishment of the three resorts. The transaction was brokered by JLL Hotels & Hospitality Group’s Peter Harper after an international marketing campaign.
AccorHotels’ decision to sell the portfolio was based on a strategic desire to recycle capital and focus on further investment and expansion in Europe.
Chief Operating Officer HotelInvest, AccorHotels, John Orzinga, said “We are pleased to announce the sale of our French Polynesia hotel assets which allows us to accelerate our asset management and expansion plan to increase the Group’s performance. This deal with Grey Investment Group highlights our continued capability to attract leading investors in the Pacific region.”
About the Portfolio
Sofitel Bora Bora Marara Beach Resort - A quintessential five star resort with a prime beachfront setting on the south-eastern coastline of Bora Bora. It features 55 overwater, beachside and garden bungalows together with an exclusive range of guest facilities.
Sofitel Bora Bora Private Island - Located in the iconic crystal lagoon resides the only boutique luxury island resort in Bora Bora. This incredible resort contains 30 bungalows and a luxury villa, along with a restaurant, bar and host of other superb guest facilities.
Sofitel Moorea Ia Ora Beach Resort - With a highly regarded location on Moorea’s eastern coastline, the resort has frontage to one of its most attractive white sand beaches and panoramic views across to Tahiti. The property features 113 well-appointed bungalows and a wide range of guest facilities that all contribute to its market leading position and reputation.
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