the fund presentation

CFH - Core Fund – Hotel Property
March 2015
6 Hotels – 1.422 Rooms
Capital France Hotel
CFH is a core hotel fund created in 2007, tailored for institutional
investors, with the objective of generating attractive returns on a
diversified portfolio of hotels located in Western, Northern and Central
Europe (excluding UK). CFH has a lifespan of 7 years, extendable to 10
years. CFH today owns a portfolio valued at €265m.
CFH investor returns will be mainly built out of stabilized cash-flows generated
by the properties upon acquisition. These returns will be increased on sale of
the assets by a minor component of capital gains from exit proceeds.
Algonquin, general partner (“actionnaire commandité”) and manager of CFH, is
an asset management and investment company focused on the hotel industry.
Algonquin has a wide experience in the hotel industry as investor and operator,
both through direct investments and as fund manager, providing CFH with hotel
and asset management expertise.
Cardif (Groupe BNP Paribas) and Sophia GE (Groupe GE Real Estate) are the
two limited partners (“actionnaire commanditaires”) of CFH.
CFH Corporate Governance
As general partner and manager of CFH, Algonquin is in charge of the day-to-day management of the fund, the monitoring of hotel
investments, relations with hotel chains, timely reporting to shareholders and optimization of exit strategies.
Key decisions are taken by CFH Supervisory Board: new investments, asset disposals, management agreements, lease agreements,
capex spending, etc.
The Supervisory Board is currently composed of 2 members from Cardif, 2 members from GE Real Estate and Jean-Philippe Chomette,
representing Algonquin.
A diversified and robust portfolio
Hotel
Radisson Nice
Mercure Montmartre 4* 305 rooms
Mercure Montparnasse 4* 185 rooms
Radisson Boulogne 4* 170 rooms
Mercure Montmartre
Chain
Rating
Rezidor
4*
Real Estate and Operations
Ownership
Rooms
331
Accor
4*
Real Estate
305
Radisson Lyon
Rezidor
4*
Real Estate and Operations
245
Mariott Cap d'Ail
Mariott
4*
Real Estate and Operations
186
Accor
4*
Real Estate
185
Rezidor
4*
Real Estate and Operations
170
Mercure Montparnasse
Radisson Boulogne
Total
1422
Revenue Breakdown 2014
Radisson Lyon 4* 245 rooms
Marriott Cap d’Ail 4* 186 rooms
Lease
14%
29%
Accor
39%
Radisson Nice 4* 331 rooms
29%
Management
Contract
Rezidor
57%
Marriott
32%
Management
Lease
CONTACTS
Jean-Philippe Chomette
Algonquin SA
Avenue Delleur 18
1170 Bruxelles - Belgique
T : 00 32 2 672 23 69
[email protected]
Frédéric de Brem
Algonquin Asset Management France
60 rue Pierre Charron
75008 Paris
T : 00 33 1 80 27 18 23
[email protected]
http://www.algonquin.be
Stéphane Obadia
Acquisition Director
Algonquin UK
96 Kensington High Street - W8 4SG
London
T : 00 44 20 37 27 26 51
[email protected]
Benjamin Chiche
Investment Director
Algonquin Asset Management France
60 rue Pierre Charron – 75008 Paris
T : 00 33 1 80 27 18 25
[email protected]