Batipart Acquires Six-Hotel Portfolio in Luxembourg From CMIL

Main Photo: Sofitel Luxembourg Le Grand Ducal

Date: August 2019

Location: Luxembourg

Name: Sofitel Luxembourg Europe (109 keys), Novotel Kirchberg (260 keys), Novotel Suites Luxembourg (110 keys) Mama Shelter (145 keys) currently under development, Sofitel Luxembourg Le Grand Ducal (128 keys) and Novotel Luxembourg Centre (150 keys)

No. of Keys: 902

Seller: CMIL, previously known as the Continental Motor Inn Luxembourg.

Buyer: Batipart acquires six-hotel portfolio in Luxembourg from CMIL – four leaseholds and two freeholds (Sofitel Luxembourg Le Grand Ducal and Novotel Luxembourg Centre). The portfolio also comprises over 14,000 sqm of office space.

Created in 1988 by Charles Ruggieri, Batipart Invest is a family owned company that has participated since the 1980’s in the development and conversion of several real estate companies.

Batipart has diversified its activities since 2001, in the health field, particularly retirement homes, participating in the structuring of leaders in the sector.

Since 2007, the family is pushed by a desire to expand gloabally

In Africa, with the creation of the Onomo Hotel Group, and with the aim of developing about 20 hotels.

In 2019, with more than 600 employees, ONOMO manages 15 hotels representing a total of 2,000 keys throughout the African continent, notably in Morocco (Rabat, Casablanca), in West Africa (Conakry, Lomé, Abidjan, Dakar, Bamako and Libreville), South Africa (Cape Town, Durban, Sandton) and East Africa (Kigali). In 2018, ONOMO generated 24.5M EUR in revenue and plans to generate close to 40M EUR in 2019.

In Canada, in partnership with the Cogir Group, in the real estate field.

In Canada again, more recently, in the tourism industry, through the acquisition of the Parc Oméga.

Since 2005, the implication of Charles Ruggieri’s children in the group has led to the transmission of the group in 2018. Julien, Claire and Nicolas are respectively in charge of developing one of the group’s sector.

THPT Comment: Luxembourg is not known for it;s plethora of international chain hotels, so for CMIL to build up a portfolio of six Accor hotels, they have done well.

First Seen: HVS Newsletter

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