Cedar Capital and L Catterton Launch Joint Venture to Develop Luxury Hotels, Acquire Two Properties in Europe
🏨 Cedar Capital Partners and L Catterton Real Estate launched a joint venture to build a luxury hospitality platform in Europe and North America. They aim to acquire and reposition 10-15 iconic hotels. The venture capitalizes on luxury travel growth and supply-demand imbalances. Two initial acquisitions include Garden Beach Hotel in Juan-les-Pins, 177 keys, and Penha Longa Resort near Lisbon, 204 keys, featuring amenities like golf courses and a Michelin-starred restaurant.
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