In order to finance a set of structuring development projects, the Valotel Group has raised €26 million in financing from a banking pool including Crédit Agricole Sud Rhône Alpes, Bpifrance, Société Générale, BNP Paribas, Banque Populaire Auvergne Rhône Alpes and LCL.

The projects include a 4* hotel, a hotel residence, a central kitchen to improve the service of local establishments by improving quality and meeting the challenges of short supply chains, the renovation of several establishments and a Nivon branded boutique.

The amount raised is composed of (i) a tranche A dedicated to the financing of real estate with a share amortizable over 15 years and a share in fine and (ii) a tranche B dedicated to the financing of equipment and machinery and repayable in fine with a maturity of 6 years.

The Group also benefits from a tourism loan raised in parallel from Bpifrance.

Degroof Petercam (IMAP France) acted as exclusive financial advisor to Groupe Valotel in this transaction, assisting it in particular with the preliminary financial diagnosis, the structuring of the transaction, the coordination of exchanges and negotiations with the banks.