The Azur Selection (ISIN: GRS528003007 – Ticker: MLAZR), announces its entry into the French market with the acquisition of three prestigious hotels in the centre of Cannes, France.
The company signed an agreement to acquire 100% of the share capital of Hôtels Du Groupe Boucau, a well-established company renowned for its hospitality offerings.
This strategic move materializes The Azur Selection’s expansion plans beyond Greece, where it has already experienced rapid growth and success. With this acquisition, The Azur Selection aims to establish a strong presence in France, a worldly renowned destination for luxury and hospitality offerings.
The financing for this acquisition will be facilitated through a bank loan, highlighting the confidence of financial institutions in The Azur Selection’s growth potential and investment value.
Mr. Georges Arvanitakis, Chairman of The Azur Selection, stated enthusiastically: “We are reaching a significant milestone in our company’s growth journey by preparing to acquire three prestigious hotels in Cannes. This acquisition aligns perfectly with our vision to offer unparalleled experiences and create lasting memories for our guests.”