Business case
Our client, a French luxury and hospitality group, was strengthening its presence in mountain ski resorts through the acquisition of a restaurant with several associated real estate assets.
Valuing both the restaurant business and mountain real estate was challenging due to limited benchmarks and significant location-driven premiums. Luxury mountain destinations are increasingly attractive year-round, driving growth and justifying higher asset and business valuations. Staff accommodation remains a key operational challenge to secure staff during winter seasons. The premium paid in this transaction reflected not only performance but also a strong positioning in a growing luxury tourism market.
We notably conducted a quality of earnings analysis on the restaurant’s financial performance, assessing its profitability and operational efficiency. Additionally, we carried out a net asset valuation of both the restaurant and the associated real estate assets.