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🏥 La Carac is investing in Atream, joining co-founders Pascal Savary and Grégory Soppelsa and NextStage AM, to establish Atream as a key investment platform in tourism. Atream's assets jumped from €1.5 billion to nearly €4 billion under the guidance of NextStage AM, with key partnerships with ACCOR, Hotel F1, Novotel, Club Med, Mamma Shelter, and Belambra.

🎭 Gad Elmaleh set to acquire the business assets of iconic Parisian cabaret "Chez Michou," located at 80 rue des Martyrs, following its judicial liquidation, as per a court ruling reviewed by AFP on Tuesday.

COMMUNIQUÉ DE PRESSE La 8ème édition du Salon Food Hotel Tech aura lieu les 19 et 20 mars 2025 à Paris, Porte de Versailles Paris, 8 octobre 2024 – Food…

🍳 On October 8, Olivier Ginon and Luc Dubanchet announced the next edition of Sirha Lyon to be held from January 23 to 27, 2025 at Eurexpo, featuring over 66,000 m2 of space, 2,100 exhibitors (25% international), across 14 sectors. A new wine and spirits area will be introduced. The event will host 60 startups, doubling from 30 in 2023, and the Sirha Innovation Awards in 10 categories. Additionally, the World Pastry Cup, chaired by Pierre Hermé and Amaury Guichon, will be themed "National Heritage".

📌 Atream, founded 16 years ago by Pascal Savary and Grégory Soppelsa, aims to double its managed or advised assets from €4 billion to €8 billion. The company, which holds 9% of Pierre&Vacances-Center Parcs alongside American funds, is shifting from real estate investment to asset management with the support of its reference shareholder NextStage AM, and new majority partner, Carac, a large savings mutual. The strategy involves new acquisitions and restructuring the current portfolio.

🌶 CJUE struck down France's decree on October 4, 2024, allowing plant-based products to use traditional animal product names. French agri-food manufacturers benefit from equity and fewer constraints in competing internationally. The Council of State questioned the decree's legality in 2022 and 2024, leading to a suspension pending CJUE's ruling.

📆 ADQ designated Modon Holding as the master developer for Ras El Hekma mega-project in Egypt on October 4, 2024. The project covers 170 million square meters, with Modon leading the first phase of 50 million square meters. Investments are projected to reach $110 billion by 2045, contributing $25 billion annually to GDP, and creating 750,000 jobs. The development will house two million people and include over 40 kilometers of green spaces, aiming to become the region's largest green project. It's strategically located within a four-hour flight for over 400 million potential tourists and plans include an international airport and a high-speed rail connection.

💾 Mews Terminal S2, a portable all-in-one device, enhances efficiency by allowing real-time order taking and payment processing anywhere in an establishment. It boosts client satisfaction with quick service, integrated tipping, and simplifies operations by combining multiple features into one device. Additional features include integration with Mews PMS, secure transactions, 15-hour battery life, support for various payment methods, and durability. Mews Terminal S2 aims to optimize operations and improve the customer experience, ultimately increasing net results.

🏨 Salter Brothers' Hospitality Retreat Fund, housing 13 properties and 407 rooms, just added three Bannisters hotels. The fund acquired six Spicers Retreats in 2022 for roughly €80 million from Flight Centre co-founder Graham Turner and his wife. Bannisters, founded in 2003 by media entrepreneur Peter Cosgrove, includes a 34-room hotel and a 33-room pavilion in Mollymook, and a 78-room hotel in Port Stephens. Salter Brothers may launch a separate $2 billion portfolio, mainly comprising urban hotels like the Intercontinental Rialto Melbourne.

🏦 Novaxia Développement announces a "Build-to-Rent" project in Rueil-Malmaison for NATIF Asset Management, transforming 10,000 m² of outdated offices into a 19,000m² hotel residence with over 450 units. Vacant since 2019, the facility will include communal spaces, services, and a restaurant. Completion is set for the second semester of 2026. The project highlights Novaxia's expertise in redeveloping complex assets into innovative opportunities.