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The group has bought Arc 1950, with 655 apartments, and the Flaine Montsoleil resort, with 138, in the Savoie and Haute-Savoie regions of France respectively. The addition of the two will significantly enhance P&V’s Premium Alpine product range, it said, which includes properties currently operated under the Residences MGM and Pierre & Vacances brands.
The acquisitions are scheduled to complete on 1 October.
P&V‘s Europe division owns five brands Pierre & Vacances, Maeva, Residences MGM, Latitudes Hotels and Adagio City Aparthotel. Parent Company Pierre & Vacances Group owns Center Parcs Europe.
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