somnOO transforms 6 hotels in France into majority stakes by buying out the shares of its partner-investor 123 IM

Paris, 11^th March 2025

somnOO, a leading hotel owner and operator, announces the successful refinancing of six properties, reinforcing its commitment to long-term growth and operational excellence. By buying out the shares of its longstanding partner-investor 123 IM, somnOO transforms the six Ibis and Ibis budget hotels into majority-owned properties.

This transaction allows somnOO to consolidate its ownership, reaffirming its vision of sustainable growth and responsible hospitality management. For 123 IM, it secures a solid return on investment (ROI) and liquidity, reinforcing the attractiveness of hospitality assets in diversified investment strategies.

The six hotels, under Ibis and Ibis budget franchise, are located across France, catering to both business and leisure travelers:

• Ibis Budget Roanne (2*) – 64 rooms, a coworking space, located near the city center and major roadways, offering easy access to the scenic Roanne region, known for its vineyards and charming villages.
• Ibis Budget Lons-Le-Saunier (2*) – 58 rooms, a coworking space, nestled in the heart of the Jura Lakes region. This budget-friendly hotel is ideally positioned on the Wine Route, close to top cultural and culinary attractions.
• Ibis Toulouse Purpan (3*) – 87 rooms, a meeting room, and a coworking space. A modern and comfortable hotel with excellent access to highways and the city center of Toulouse.
• Ibis Agen Centre (3*) – 56 rooms, a coworking space, situated just 500 meters from the SNCF train station. The hotel offers secure parking and a contemporary ambiance for business and leisure stays.
• Ibis Budget Agen (2*) – 68 rooms, two meeting rooms, and a coworking space. Located near the highway and only 3 km from Agen Airport, it is a convenient stopover for travelers exploring the Bordeaux-Toulouse corridor.
• Ibis Budget Boulogne-sur-Mer Centre Les Ports (2*) – 64 rooms, a coworking space, centrally located in Boulogne-sur-Mer, just 700 meters from the train station and 2 km from the beach. A comfortable and modern option for travelers visiting the French coast.

We thank all our partners involved in this success:

• Credit officer: BPI – Pierrick Tissot Grosset
• Participants : ARKEA Banque – Justine Le Bray | Banque Postale – Julien Magnan & Samuel Grenier
• Notaries : Notaires Montmartre - Thomas Le Bourg & Marine Fleury
• Legal counsel: IDEACT – Maud Partouche

Founded in 2014 by Lars Backhaus and Christian Rousseau, somnOO owns and operates a portfolio of over 60 hotels in France and Germany. SomnOO has a long-term European “owner and operator” strategy with full ownership of real estate and operations. Positioning as owner of real estate and operations ensures resilience and alignment of interests.

The somnOO development strategy is built around two cycles designed to generate long-term value and ensure alignment of interests with investors: cycle 1 “operator” minority and cycle 2 “owner-operator” with 100% takeover.

Founded in Paris in 2001, the 123 Investment Managers Group is a diversified platform specializing in unlisted assets for private and institutional investors. With five subsidiaries respectively dedicated to the financing of French ETIs/SMEs, energy transition, income real estate, the financing of tax-exempt overseas assets and multi-management; it has accumulated more than €4.5 billion in unlisted assets since its inception. The 123 IM Group, which has more than 90 employees with diverse and complementary expertise, offers a comprehensive solution tailored to each investor’s needs.