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lent to this project, means…
paid back in total
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Marketing surveys & consulting
Saint Maur Styles is the company set up in 2016 to acquire the ongoing concern of SNC Classics Hotel Saint Maur active in the hospitality sector. Saint Maur Styles, managed by David Dassin, has 10 employees and is based in Goussainville.
The hotel is well located with a direct access to Paris and to Disneyland, making it a prime choice for corporate as well as stopover travelers.
Amenities include 75 rooms newly renovated for most of them, 3 meeting rooms, 2 parkings as well as a bar offering breakfast services.
The company’s main activity is:
The hotel has been partly renovated to be aligned with Ibis Style standards, refurbishment works are due to be finished by the end of year 2018.
The company wishes to borrow 415 000 € over 36 months to refinance refurbishment works as well as the acquisition of furniture for the hotel to be turned into an Ibis Style franchise. This project will be realised in the next few months.
As a reminder, the Lendix lending community supported M David Dassin and M Riad Boucetta in 2017 with 280 000 € to refinance refurbishment costs of a then newly acquired hotel to be converted into Ibis Budget franchise from the Accor Group.
This project is a medium-term loan with a capital amortisation deferment and as such presents a different method of capital repayment than standard projects. The first 3 months, the lenders will only receive interest; the following 33 months, the lenders will receive interest and principal amortization. This principal repayment profile matches the borrower’s financing needs while allowing lenders to earn a higher amount of interest."
The amount offered on the platform is limited to 203840€, which is in line with the regulatory limits
*The multiple of FCCR at 1,2 means that the company has a safety margin of 20 % relative to its ability to repay its credit maturities.
The expert opinion is given as an indication on the basis of the elements provided by the project holder and information from our databases (ModeFinance, Crif, Cerved). This opinion is only an element of reflection in the decision making of a lender to participate in the financing of a project.