Archenar Assets has acquired the Riviera Marriott Hotel La Porte de Monaco from Capital France Hotel, an investment vehicle managed by Schroders Capital.
The Swiss-based investment firm bought the 4-star hotel located at Port de Cap d'Ail for €85 million. The hotel comprises 186 rooms, a restaurant, bar, pool and eight meeting rooms.
The Riviera Marriott Hotel La Porte de Monaco has been under the ownership of Capital France since 2008.