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New Deal


Announced

Completed

Jumeirah Group completed the acquisition of Le Richemond hotel in Geneva.

Financials

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

Tags

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Hotels and Motels

Friendly

Acquisition

Completed

Switzerland

Private

Single Bidder

Majority

hotel

Cross Border

Real Estate

Synopsis

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Jumeirah Group, a hotel-management firm, completed the acquisition of Le Richemond hotel in Geneva. Financial terms were not disclosed. Le Richemond is a 109-room luxury hotel located in Geneva, Switzerland. The hotel was established in 1875 by Adolphe-Rodolphe Armleder. It was a part of the Rocco Forte Hotels Collection from 2004 until 2011.

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