First step into the French market
The European Hotel Fund acquired the 189-room Radisson Blu Marseille, located in the city’s Old Port, in an off-market deal from Union Investment after a 20-year hold.
The transaction expands the fund’s portfolio to eleven hotels across major European gateway cities.
A modernised, sustainable asset
Fully renovated in 2024, the hotel was upgraded with enhanced insulation and LED lighting, earning a BREEAM Very Good certification.
It operates under a long-term lease with Radisson Hotel Group, which currently manages 28 hotels across France and maintains a solid development pipeline nationwide. This contractual structure provides rental stability rarely seen in single-asset hotel transactions.
Strategic positioning in Marseille
With 700 sqm of event space, 12 meeting rooms, a panoramic outdoor pool, and a fitness centre, the hotel is well placed to capture Marseille’s growing role as Southern France’s key economic hub. Limited supply of high-quality hotel assets in the country’s tier-one cities supports long-term revenue and valuation potential.
Long-term, value-focused investment strategy
“The upscale Radisson Blu in Marseille is a compelling addition to our portfolio, with Marseille continuing to grow as a European destination for all types of travellers. It marks the fund’s first entry into the French market and provides valuable diversification in both brand and tenant profile.” – Capucine Pedrazzini, irector, Fund Management & Co-Head of Hotel Investments at Invesco Real Estate
“The EHF’s strategy is to deliver long-term income with access to growth, from assets in high-quality locations and with best-in-class ESG credentials. The Marseille acquisition fits this criteria and offers attractive relative pricing, with the potential for growth and returns that are accretive to performance” added Chris Brassington, Senior Director, Fund Management at Invesco Real Estate.
