Achernar Assets Acquires Prime Hotel Asset Near Monaco
Schroders Capital has successfully sold the Riviera Marriott Hotel La Porte de Monaco to Achernar Assets in a deal valued at €85 million. The sale was brokered by Eastdil Secured, which had been appointed in October to market the asset.
Located in Cap d’Ail, just outside Monaco, the four-star hotel comprises 186 rooms, including 15 suites, alongside Bolinas restaurant, a bar, a swimming pool, and 580 sq m of meeting space. The property had been under Marriott International’s management through a contract with Schroders Capital.
Strategic Sale to Strengthen Cap d’Ail’s Appeal
Schroders Capital’s Benjamin Chiche, deputy head of hotels, emphasized that the firm had implemented a commercial repositioning strategy to maximize value before the sale. He stated: “We are proud to pass this hotel to a strategic player in the Port of Cap d’Ail, who will continue its development.”
Achernar Assets’ Vision for Growth
Achernar Assets CEO, Corrado Agusta, expressed confidence in the hotel’s future, stating:
“We fully share the repositioning vision and are convinced that this project will enhance the attractiveness and competitiveness of the port in the long term.”
