March 7th 2025
Achernar Assets AG is pleased to announce the acquisition of the Riviera Marriott Hotel La Porte de Monaco, located in Cap d’Ail on the Côte d’Azur.
Ideally positioned on the border of Monaco, this four-star hotel offers stunning views over the Cap d’Ail Marina and is just a stone throw away from the Louis II Stadium. It features 186 rooms, including 15 suites, as well as a restaurant, bar, swimming pool, and 580 sqm of meeting space.
As part of its expansion strategy, Achernar Assets AG, alongside the Ports of Monaco (“SMIP”) and Mr. Corrado Agusta, is strengthening its presence in the Port of Cap d’Ail, reinforcing its long-term commitment to the strategic repositioning of the area.
Benjamin Chiche, Deputy Head of Hotels at Schroders Capital, commented:
“In close collaboration with Marriott, Schroders Capital implemented an operational and commercial repositioning strategy to maximise the value of this asset for our client. Thanks to the initiatives undertaken, we have successfully enhanced the hotel’s appeal and positioning in a fast-growing market. Today, we are proud to transfer this hotel to a key player in the Port of Cap d’Ail’s future, who will continue its further development. We take this opportunity to thank the hotel teams and Marriott International for the outstanding work we have accomplished together on this asset over the years.”
Corrado Agusta, CEO of Achernar Assets AG, added:
“This acquisition represents an important milestone in our commitment to the strategic redevelopment of the Port of Cap d’Ail. We fully align with Benjamin Chiche’s vision for continued repositioning and are confident that this project will further enhance the port’s appeal and competitiveness in the long term. We greatly appreciated the seamless and efficient collaboration with Marriott and Schroders Capital throughout this transition, ensuring a smooth handover and continuity for the hotel’s guests and partners.”
Achernar Assets AG extends its sincere thanks to Eastdil Secured, White & Case Paris, Exelmans, PWC, ENGECO, and Altom Notaire for their invaluable support throughout this transaction.
About Achernar Assets AG
Achernar Assets AG is a Swiss-based multi-asset investment firm specialising in the development and enhancement of strategic assets.
For further information, please contact:Achernar Assets AG
Alter Postplatz 2 – 6370 Stans, Switzerland