Courbet Heritage: significant progress in the first quarter of 2025

In early 2025, Courbet Héritage made significant progress in acquiring and developing strategic hotel assets. Notable transactions include the purchase of the Victoria Hotel in Grasse, which will be renovated into a luxury hotel. In Lourdes, a partnership with Marriott International will transform the Christ Roi Hotel into a Four Points Flex by Sheraton.

Additionally, a 70-year lease at Magny-Cours provides for the development of two hotels, enhancing the tourist offerings around the circuit. In Cannes, after major renovations, the Kyriad Cannes Mandelieu hotel is fully occupied with high rates.

In Prague, the Mozart Hotel, managed by Accor Luxury, is reporting improved financial results compared to 2023. Courbet Héritage's Net Asset Value reached €4.40 per share, well above its current share price. The company aims to double this value and that of its current portfolio by 2030.