Bain Capital to Acquire Pullman Paris Montparnasse Hotel
Bain Capital, a leading global private investment firm, in partnership with Columbia Threadneedle and QuinSpark Investment Partners (“QuinSpark”), has today signed a definitive agreement to acquire Pullman Paris Montparnasse from Unibail-Rodamco-Westfield (“Unibail”), a leading European retail REIT.
Built in 1974, the 4-star, 957-key hotel spans 32 floors and is adjacent to Gare Montparnasse in the affluent 14th district. The Pullman Paris Montparnasse has already undergone a comprehensive refurbishment which completed in 2021, with over €216 million invested to modernize its facilities, including extensive upgrades to guest rooms, common areas and technical infrastructure.
Asset management will be overseen by Columbia Threadneedle and QuinSpark, a leading hospitality operating partner with deep experience in the Parisian market. Plans include the implementation of a targeted capex program to optimize operating costs and improve energy performance, delivered by a team of seasoned professionals with direct experience operating Pullman properties to ensure a seamless transition and continued operational excellence.
The investment, one of the largest of its kind in France, marks a significant milestone in Bain Capital’s expansion into the European hospitality market and underscores the firm’s commitment to acquiring high-quality assets in prime locations.