LVMH’s Bernard Arnault acquires Hotel Cap Estel on the French Riviera for €200 million

Financière Agache, Bernard Arnault‘s family holding company, has finalized the acquisition of Cap Estel, a 5-star hotel nestled on a two-hectare private peninsula in Èze, between Nice and Monaco which boasts 20 rooms and suites.

Photo credits: Financière Agache

According to sources close to the deal, relayed by CFNEWS IMMO, the valuation is expected to exceed €10 million per key – an unprecedented threshold for the European luxury hotel industry.

For comparison, the sale of the Grand-Hôtel du Cap-Ferrat (Four Seasons) in 2015 was negotiated for around €3.5 million per key, while the Hotel du Cap Eden Roc, Cap d’Antibes, another Riviera icon, is estimated to be around €5 to €6 million per key.

Cap Estel thus sets a new benchmark, reflecting both the extreme scarcity of this type of asset and the growing appetite of the wealthy for ultra-select hotel properties.