The four star hotel will be located at the foot of the slopes of Serre-Chevalier, situated between Grenoble and Turin.
The management agreement was originally signed with developer Adim Lyon, a Vinci Construction subsidiary, and ownership has now passed to La Française Real Estate Managers (REM) following an off-plan acquisition.
The off-market transaction was concluded on behalf of a real estate investment fund.
Designed by the architectural firm Studio Arch, the resort will span 12,000 sq m spread over six floors. Accommodation will comprise 164 units with natural lighting, ranging from two- to four room suites.
Amenities will include a swimming pool, a spa with a sauna and hammam, a lounge, entertainment areas with a bar, a laundry room, a ski rental shop as well as clubs for teenagers and children. The site has been designed to promote green mobility with a bicycle room, 24 charging stations for electric vehicles and an electric shuttle to join the resort’s ski lifts.
Based on the recovery of fallow land to reduce environmental impact, the resort is intended to demonstrate MMV’s sustainable development commitments. The property’s environmental credentials encompass both winter and summer thermal comfort, with accommodations meeting French thermal regulation RE 2020 standards and amenities reaching French RT 2012 energy efficiency criteria. The resort is also aiming to obtain France’s Biodivercity ‘Performant’ label as well as ‘very efficient’ NF Habitat HQE certification.
The design pays particular attention to biodiversity with features such as a green roof, replanting the lining river banks, installing birdhouses and more broadly the ecological management of the site. Plus heating and sanitary hot water production will be provided by a boiler unit powered by wood pellets and 300 sq m of solar panels.
The club residence will open in summer and winter and is due to welcome its first customers from December 2025.
Part of a global redevelopment project for the Serre Chevalier district, the property will be operated under a long-term lease.
Leslie Villatte, director of institutional real estate investments and development – France at La Française Real Estate Managers – institutional division, concluded: “In the current macroeconomic context, tourism assets, with their defensive profile, are taking on their full meaning.
“The resort’s prime location, sustainability characteristics as well as its experienced operator, are factors that should support its valuation over the long term.”