Sale of CGH to Pierre et Vacances

22 September 2020

I just heard that CGH was sold yesterday to Pierre et Vacances. What are the implications of this? Will our leases be automatically transfered, valid and enforceable or will they have to be renegotiated and signed again? Might this be an opportunity to terminate a lease?

Jessica R's picture
Submitted by Jessica R on

Hi, where did you hear this please? I just searched Google France and cant find any mention.  I thought it was owned by the private equity firm Ekkio Capital.

Thanks

Jessica

It is owned by Ekkio. They bought it from MGM. I heard from the President of one of the other CGH Residences that the sale wetnt through a couple of days ago but last night they said it was not officially confirmed so maybe the announcement was premature. It might simply be a bid. 

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