Friday, 20 December 2024
by Rose White
Expansion is on the cards for French hotel group Les Domaines de Fontenille thanks to a minority investment by LMVH Group.
The deal saw both LVMH Group and Anaïs Ventures SA come on board as minority shareholders alongside the company’s long-standing partners.
“Since our founding in 2016, the spirit of Fontenille is built on unique values: reinventing the French art of living, preserving heritage, pursuing excellence, as well as promoting well-being and gastronomy,” the company said.
“Thanks to this new investment, Les Domaines de Fontenille plans to acquire and renovate new properties, always with the same philosophy that has driven the collection and its mission-driven company since 2023: to meet the most demanding environmental standards while preserving their heritage and the surrounding terroir, combining hotel excellence with a positive social and environmental impact.”
The French hotel group currently has 11 properties in its portfolio in France, Italy and Spain, with that number set to grow to 12 by 2025.
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The expansion will be led by CEO, Linda Hazi and her executive team.
Meanwhile, Co-Founders Frederic Biousse and Guillaume Foucher said the transaction represents the start of an exciting new chapter in what they described as “the story of a lifetime”.
“The arrival of LVMH and Anaïs Ventures by our side is a key step as it reflects the quality of the work accomplished in a short time to create a strong and unique brand,” the duo said.
“We are excited to continue investing in the long-term in unique destinations that reflect us, while continuing our efforts to elevate the quality of our services.”
It represents a strengthening of the LMVH Group hotel footprint, which currently includes Cheval Blanc, Bulgari Hotels and Resorts as well as Belmond.
The post LMVH investment to fuel French hotel group’s growth ambitions appeared first on LATTE Luxury News.