In receivership since the autumn, the hotel group has generated around twenty separate or global continuation plan offers, including around ten covering the entire group.
The Maranatha case entered a new phase with the submission of bids by candidates for the takeover of the park, i.e. 55 hotels and 3,153 rooms on January 1, 2018.
AccorHotels and Colony NorthStar, Gilles Douillard's group, Tikehau Capital, Attestor Capital and Loxi Hospitality, while the investment company Davidson Kempner would rely on two partners: Naos Hôtel and Higate. In addition, Honotel would form an alliance with Amundi and Caisse des Dépôts.
In view of these various profiles, Paris Inn Group's overall offer may seem out of place, except that it appears to be supported by solid financial partners. In addition, 123 Investment, which invested 25 million euros in 11 hotels, is also in the ranks.
With assets representing some 6,000 investors, the court favors a global takeover.
However, separate offers have been made, some of which are for the takeover of the 31 properties with a myriad of investors, namely the portfolio of six Les Hôtels du Roy properties. With regard to the latter, Appolo is notably in the ranks.
Les Hôtels du Roy is a key asset since its resolution will be achieved through an agreement with the British investment company Cale Street, which has an acquisition debt of around 346 million dollars (280 million euros).
The offers will be analyzed in the coming weeks and a solution proposal could emerge at the end of May or even June.
Investors will announce their decision later, further to general meetings expected to be held in July. The Marseille Commercial Court will take their respective results into account.
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