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http://www.traveldailynews.com/pages/show_page/23210 printed on Friday, January 09, 2009

Molinaro Koger arranges re-financing for Canyon Equity`s Amanresort Le Melezin
The Capital Markets Group of Molinaro Koger (MK Capital Markets) announced they have arranged a €20 million re-financing for Amanresorts Le Melezin in Courchevel 1850 in the French Alps on behalf of the resort’s existing owner, Canyon Equity. The funding was provided by Europe Arab Bank plc. In 2006, MK Capital Markets handled the financing for the original purchase on behalf of Canyon Equity, securing funds through Bear Stearns.

 

“First class brand management, the finest facilities, an excellent location and a strong historical financial performance clearly make Le Melezin a solid financing opportunity,” said Ed Blum, Managing Director of MK Capital Markets. “The property has consistently realized occupancy levels in the mid 90 percent range, with ADRs currently exceeding €1,000.”

The luxury ski resort, which was designed by Ed Tuttle, is managed by Amanresorts. The ski village of Courchevel 1850 is situated in the heart of Les Trois Vallees, home to eight internationally renowned and several smaller ski resorts.

Rania Deimezi - Thursday, November 01, 2007