Tristan Capital Partners’ TIPS One Debt Fund has provided financing of €165 million to support the ongoing expansion of Paris-based Centaurus Group. Provided on a segregated account basis with an existing Tristan investor, the loan is one of the largest in the French hospitality sector.
The loan is secured against seven recently renovated four and five star hotels in Paris, in strategic locations such as the Champs-Élysées and Place Vendôme neighbourhoods, capitalizing on the strength of the Parisian hotel market. This financing demonstrates both the trust between Tristan Capital Partners and Centaurus Group, and the resilience of the hotel industry over the past 30 years, highlighting the strategic importance of this asset class.
Founded in its current form in 2020 by Céline Falco, Jean-Bernard Falco, and Grégory Pourrin, Centaurus Group has been a fixture in the Parisian market for four generations. The group functions as both manager and owner of a portfolio of 43 hotels (4 and 5-star), comprising over 2,600 rooms, 30 restaurants, 18 spas, and employing 1,600 staff members. The group achieved a total turnover of €136 million in 2023, with assets under management valued at €1 billion. This transaction will consolidate and streamline Centaurus’ asset-level debt.
Dan Pottorff, Tristan Capital Partners’ Head of Debt Investment, said, “We are delighted to have completed the financing, on behalf of a segregated account, of this exceptional quality hospitality portfolio. Considering the strong fundamentals supporting alternative credit markets across Europe, we continue to deploy significant capital on great quality assets and to the highest calibre sponsors. This is the 17th loan Tristan has arranged since launching its lending platform in the summer of 2021, taking the firm’s total to over €1 billion of loans under management.”
Céline Falco, Managing Director and Co-Founder of the Centaurus Group, said, “The Centaurus Group is constantly evolving, and we are delighted with this transaction with Tristan Capital Partners, which allows us to streamline our debt for simplified management, enhance the group’s liquidity, continue renovating our assets, and pursue new opportunities. We thank our advisory team spearheaded by Sofiane Megharbi and Rudy Allouch at Maya Private Capital Investments (Sofiane Megharbi & Rudy Allouch) for their professionalism and successful collaboration once again.”
Centaurus Group continues its expansion with plans to open new locations in Nice, Chamonix, Divonnes-les-Bains, and Cabrières d’Avignon in France, as well as internationally in Braga, Rome, Brussels, and Côte d’Ivoire in the coming months.