Club Med owner Fosun is looking to sell a minority stake in Club Med at a valuation of around $800 million, according to news agency Reuters.
Fosun has reportedly been in discussions with potential buyers over the last few months but as of yet no buyer has emerged.
Hospitality Investor has contacted Fosun for comment but has not heard back.
Club Med Portfolio
According to its most recent investor presentation, covering the first half of 2023, Club Med owns 10 of its 66 resorts, with 15 managed and 41 leased.
It has 34 resorts in the EMEA region, 10 in Asia Pacific and 10 in the Americas.
Potential buyers
Club Med has been a mainstay in the European hospitality market for decades and it is currently riding the wave of the experiential travel boom. Might fellow french hotel giant Accor be tempted to get involved or might a minority stake sale be more suited to private equity or sovereign wealth?