Global private investment company Bain Capital has invested in French boutique hotel group Les Hôtels de Paris, as part of its strategy to expand in the European hospitality sector.
The refinancing involved a subscription to super senior bonds totalling roughly €135m ($158.86m).
The investment took place as part of a combined restructuring plan for Les Hôtels de Paris, which received approval from the Paris Commercial Court on 11 July 2025.
The restructuring plan includes both a reorganisation component and an asset disposal component. Its purpose is to address the company’s liabilities and provide funding for further development of the hotel group.
Bain Capital partner Rafael Coste Campos said: “This investment is a natural extension of our hospitality strategy, reflecting our strong conviction in the enduring fundamentals of the European market and our ability to foster operational improvements and sustainable growth. We look forward to partnering with the talented Les Hôtels de Paris team.”
Les Hôtels de Paris is part of the Machefert Group and is listed on Euronext Paris. It owns 18 hotels, with 17 located in central Paris and a property in St Tropez.
Bain Capital plans to apply its experience and resources to manage operations and seek value across the Les Hôtels de Paris portfolio.
The deal also increases Bain Capital’s footprint in France.
The development follows last week’s announcement by Bain Capital to acquire Pullman Paris Montparnasse Hotel in France.
Les Hôtels de Paris CEO Kevin Machefert said: “Partnering with Bain Capital marks an exciting new chapter for Les Hôtels de Paris. With their support and expertise, we are optimistic about the future and confident in our ability to accelerate growth, reinforce our position in the French hospitality market and become the leading independent experiential and boutique hospitality player in the region.”
The investment transaction was advised by Wingate Investment Bank.
During the transaction, White & Case acted as legal adviser while PwC provided financial and tax advisory services.
Bain Capital also received technical and commercial advisory services from HPM and CBRE, respectively.
