.
MergerLinks Header Logo

New Deal


Announced

Grit Real Estate acquired Club Med Cap Skirring for €11.6m.

Financials

Edit Data
Transaction Value£10m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Real Estate

Private

Senegal

Hotels and Motels

Acquisition

hotel ownership

Majority

Pending

Single Bidder

Friendly

Synopsis

Edit

Grit Real Estate acquired Société Immobiliére et de Gestion Hôteliére du cap Skirring, the owner of the property known as Club Med Cap Skirring, a 4-trident hotel situated at the Club Med resort at Vacap Cap Skirring in Senegal, for €11.6m. "We are pleased to be acquiring the Club Med Cap Skirring, a 4-trident hotel and resort village in the Republic of Senegal, adding one of Africa's most politically stable and fastest growing markets to Grit's current geographic footprint. We are proud to have now added an eight country to our list jurisdictions in Africa and our 26th property to Grit's asset portfolio," Bronwyn Corbett, Grit Chief Executive Officer.

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US