French owner-operator Dunamis Hospitality, together with French investment firm Eternam, has acquired a portfolio of nine budget hotels (630 rooms) in the north west of France. The transaction was structured as a club deal through a French Professional Private Equity Fund (FPCI). The properties are primarily operated under the Ibis Budget and Ibis Styles brands and are located in the Normandy and Hauts-de-France regions (Deauville, Cabourg, Le Havre, Rouen, Fécamp, Abbeville, Berck-sur-Mer, Le Tréport). Dunamis and Eternam plan to renovate the hotels to enhance both the customer experience and energy performance.
