Chateau Acquisition for Boutique Hotel Development in the Loire Valley
€2,100,000 · 15 years · 3.80% fixed. A high-net-worth investor identified a Loire Valley chateau being sold by a family estate.
The Client
HNW Investors
The Challenge
A high-net-worth investor identified a Loire Valley chateau being sold by a family estate. His intention was to convert it into a boutique hotel over two years. The commercial nature of the exit strategy, combined with the listed building status, made conventional French mortgage lenders cautious.
Our Solution
Doulton arranged a high-value French mortgage via a private bank with appetite for prestige property lending. The commercial conversion plans were presented as a strength - demonstrating the asset's income potential - and the LTV was kept conservative to reflect the renovation period.
The Outcome
Chateau acquired. Renovation programme underway. Planning permissions for hotel conversion obtained from the local mairie within six months of purchase. Key highlights: Listed chateau accepted by private bank; Commercial conversion plans presented positively; Conservative LTV secured competitive pricing.