An unprecedented capital opening since the creation of the Nice-based hotel group.
Summer Hotels has announced the entry of Bpifrance, through the France Investissement Tourisme 3 fund, as well as Sofipaca Groupe Crédit Agricole and BNP Paribas Développement into its capital. The three financial partners are taking a minority stake alongside the founder. This transaction marks the first opening of the company’s capital since the group was created in 2004.
An independent group with a strong foothold on the French Riviera.
Founded in 2004, Summer Hotels operates 11 three- and four-star hotels on the French Riviera, including 7 in Nice. Each property retains its own identity while adhering to shared quality standards. Through successive acquisitions, the group has become the leading independent hotel operator in the Alpes-Maritimes department.
Established economic indicators and a confirmed growth path.
Summer Hotels currently generates €36 million in revenue. The group aims to exceed €40 million in 2026. This momentum is driven by the operational performance of its properties and by structured financial management.
A strengthening of equity in support of a regional strategy.
The transaction is intended to consolidate the group’s financial resources. It forms part of the continuation of an active strategy of targeted acquisitions. Growth remains focused on the Provence-Alpes-Côte d’Azur region, where the group intends to strengthen its position.
Summer Hotels, the leading independent hotel group in the Alpes-Maritimes, is opening up its capital to Bpifrance through its France Investissement Tourisme 3 fund, as well as to Sofipaca Groupe Crédit Agricole and BNP Paribas Développement. This transaction will enable the group to pursue its acquisition strategy and establish itself as a leading player in the Provence-Alpes-Côte d’Azur region.
Created in 2004, Summer Hotels owns and operates 11 three- and four-star hotels located between Cannes and Menton. Each property develops its own identity while sharing high quality standards. In two decades, the group has become the leading independent hotel operator on the French Riviera. It currently generates €36 million in revenue and aims to exceed €40 million in 2026.
The group is led by a duo of Managing Directors, Laurent Rossi and Audrey Denis. Alongside the Founder and Chairman, they oversee the company’s development and structuring. People and customer satisfaction are central pillars of their strategy.
The growth ambition driven by the teams has led the founder to open up the capital, for the first time, to a consortium of minority regional institutional investors, led by Bpifrance through its France Investissement Tourisme 3 fund and supported by Sofipaca and BNP Paribas Développement.
Laurent Rossi and Audrey Denis, executives of Summer Hotels, state:
“Opening up Summer Hotels’ capital to Bpifrance, alongside Sofipaca Groupe Crédit Agricole and BNP Paribas Développement, is a structuring lever to accelerate our growth trajectory. This transaction enables us to strengthen our equity in order to pursue an active strategy of targeted acquisitions and consolidation in the Provence-Alpes-Côte d’Azur region. It is part of a long-term value creation approach, based on the operational performance of our properties, the group’s financial discipline, and the ability of our teams to integrate and develop new hotel assets.”
Jean-François Ponzio, Head of Participations, and Marc Andrieu, Investment Director at Bpifrance, state:
“We are very pleased to support the founder of Summer Hotels and its Managing Directors in this new phase of growth. Since the group was created, they have demonstrated expertise in acquisitions and operational management, while sharing a strong corporate culture with their teams, who are fully dedicated to guest well-being. Committed alongside them, we will make our support resources available to the group for its future development.”
Florence Politi, Investment Director – Sofipaca Groupe Crédit Agricole, adds:
“We have been following Summer Hotels’ journey for several years, and the group has continued its development with rigor while carrying out a significant structuring effort. We are proud to support the group and its management team in this new stage.”
Valérie Breitenstein, Head of Participations, and Rémy Juvenon, Investment Director – BNP Paribas Développement, conclude:
“Under the leadership of Laurent Rossi and Audrey Denis, Summer Hotels has pursued a growth trajectory in the Alpes-Maritimes, supported by an active build-up strategy and operational excellence. We are delighted to support them in this transaction, which is intended to accelerate the group’s development over the coming years.”
Source: Summer Hotels press release, Bpifrance, Sofipaca, BNP Paribas Développement
