WELLNESS RESORT FOR REJUVENATION & WEIGHT LOSS BORDEAUX
- A unique development opportunity to invest in a semi-medical, rejuvenation and weight-loss luxury resort in the Bordeaux Region of France.
- 500,000m/2 of land comprising of vineyards, woodlands, and a historic French Chateau.
- The subject site is well-located with easy access.
- This development opportunity provides attractive risk-adjusted returns in a growing market that is characterized by strong demand and investment fundamentals.
- The Master Plan is approved in principle, with support from the local authorities and provincial government.
- Sponsorship team – CRHI as – appointed Hill International as Development Manager and has confirmed an LOI with GOCO Hospitality as wellness & hospitality operators.
- Current discussions are taking place with HNWI, family offices and institutions in order to secure funding of €12M for Phase II.
SITE BACKGROUND & LOCAL AREA
- Situated 70km from Bordeaux, 50km from Cognac, and only 0.8km from a national-grade highway.
- The subject site is 45-minute train ride from a TGV station (high-speed rail) and is less than 60 minutes away from the Bordeaux Airport.
- 500,000m/2 of land which comprises woodlands and vineyards, and ample space to craft a high-end luxury wellness retreat.
- For the past decade, the site served as a public sector hospital facility in a Chateau, which remains fully preserved and maintains its original character.
- The pre-existing stringent standards require little structural work and/or retrofitting to take place, and the property is not listed which further mitigates development risks.
EUROPEAN WELLNESS INDUSTRY OVERVIEW
- Hill International was commissioned to conduct a feasibility and market analysis study with a focus on the European health tourism market.
- A high-end niche concept within the hospitality space, this concept is growing rapidly driven by the increasing popularity of health tourism globally, particularly post Covid-19.
- Given the continued growth in demand for this specific theme, we believe that both the desirability coupled with scarcity for such unique assets would have a meaningful impact on valuations.
- Beyond the lodging element of such developments in European markets, there is demand for specific amenity components such as spa treatment facilities, tailored fine-dining cuisine, quasi-medical facilities, and recreational activities, all of which allow for additional cash flow.
- An opportunity such as this, characterized by a rare and uniquely preserved Chateau that is set around historic heritage, allows for the development of a well-amenitised luxury lodging product in a growing market niche.
- Hill International was commissioned to conduct a feasibility and market analysis study with a focus on the European health tourism market.
- A high-end niche concept within the hospitality space, this concept is growing rapidly driven by the increasing popularity of health tourism globally, particularly post Covid-19.
- Given the continued growth in demand for this specific theme, we believe that both the desirability coupled with scarcity for such unique assets would have a meaningful impact on valuations.
- Beyond the lodging element of such developments in European markets, there is demand for specific amenity components such as spa treatment facilities, tailored fine-dining cuisine, quasi-medical facilities, and recreational activities, all of which allow for additional cash flow.
- An opportunity such as this, characterized by a rare and uniquely preserved Chateau that is set around historic heritage, allows for the development of a well-amenitised luxury lodging product in a growing market niche.
DEVELOPMENT OVERVIEW
CHATEAU
- Refurbishing the 19th century Chateau and modern hospital buildings to a high cosmetic standard with modern design and facilities.
- This is a rare assess to come across, particularly a Chateau of such quality in a prime location with an existing approved masterplan for development.
RESIDENCES
- Developing luxury residences on the Chateau’s grounds, which will be up for sale in a separate phase of the project.
- These residences are aimed to be sold as the project progresses in order to provide cash flow and de-risk the investment.
GUEST FACILITIES
- Developing the grounds to create a beautiful and immersive environment, which is imperative in delivering a high-quality health tourism experience.
- Facilities will include a luxurious and state-of-the-art spa private woodland with hiking and biking trails, tennis courts & sports facilities, Michelin start dining, bar, and bistros.
- There are also plans to incorporate 7,000m/2 convention centre, which will add to driving demand for this development and maximise off-season revenues.
UTILITIES
- Parking, helipad, boiler room & generators, workshop, etc.