Achernar Assets completed the acquisition of Riviera Marriott Hotel La Porte de Monaco.

Achernar Assets, a Swiss-based multi-asset investment firm specializing in the development and enhancement of strategic assets, completed the acquisition of Riviera Marriott Hotel La Porte de Monaco, a four-star hotel located on the French Riviera. Financial terms were not disclosed. “This acquisition represents an important milestone in our commitment to the strategic redevelopment of the Port of Cap d’Ail. We fully align with Benjamin Chiche’s vision for continued repositioning and are confident that this project will further enhance the port’s appeal and competitiveness in the long term. We greatly appreciated the seamless and efficient collaboration with Marriott and Schroders Capital throughout this transition, ensuring a smooth handover and continuity for the hotel’s guests and partners,” Corrado Agusta, Achernar Assets CEO.