Developer Thierry Barbion and Alatau Hospitality, an investment fund of Lancaster Group Kazakhstan led by Kassym Abzhanov, sold the resort to a private equity hospitality fund led by Gaw Capital.
Four Seasons Bora Bora opened in 2008 and is famous for its overwater bungalows, stunning water and mountain views and award-winning Four Seasons service. The hotel was recently named the top hotel, top luxury hotel and top service in French Polynesia in TripAdvisor's Travelers' Choice Awards. It also earned distinction as the Best Luxury Beach Hotel Worldwide by Luxury Travel Advisor. The property features 107 oversized and ultra-luxury accommodations, multiple dining venues, an award winning spa, retail and over 15 acres of land, which is entitled and designed for additional development of Four Seasons Residences and guest accommodations.
The Los Angeles and Paris offices of JLL handled the transaction led by International Director, John Strauss.
"Bora Bora benefits from its ultra-luxury resort offering and world-class beaches, which appeals to high-net-worth guests and executive group demand from around the world," said Strauss. "The French Polynesia lodging market has experienced impressive hotel occupancy and rate increases since 2009 and continues to attract investor interest given the exclusivity and uniqueness of the destination."
The Los Angeles transaction team involved included John Strauss and Tony Muscio while the Paris transaction team was led by Yves Marchal. JLL's Hotels & Hospitality Group has completed more transactions than any other hotels and hospitality real estate advisor over the last five years, totalling more than $77.5 billion worldwide. Between negotiating property deals, the group's 350-person global team also closed more than 5,300 advisory, valuation and asset management assignments.
Additionally, Four Seasons Resort Bora Bora has just been named the Best Resort in the South Pacific by Brides magazine and Virtuoso in the annual Honeymoon Awards.
The magazine partnered with Virtuoso, the global network of more than 15,000 luxury travel specialists to select Honeymoon Award winners for the most romantic, luxe hot spots in the world. The Awards, which will be unveiled online and in the June/July 2017 issue of the magazine, recognise 200 winners in 19 different categories, including destinations, resorts, cruise lines and all-inclusive brands.
"We are thrilled to be recognised by Brides and the luxury travel specialists at Virtuoso, two true experts in romance travel, as the Best Resort in the South Pacific,” says Maria Jagla, General Manager of Four Seasons Resort Bora Bora. “We are entirely focused on helping our guests create highly-personalised, memorable experiences full of romance and joy.”
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See also:
Four Seasons Resort Bora Bora named best in the South Pacific
Six Senses Fiji to be 100 percent solar powered
JLL releases Hotel Destinations - Asia Pacific report May 2017