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Private Equity FundPuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 13 SOURCES

Hôtel Investissement Capital

Portfolio management company subsidiary of the Honotel hotel investment and operating group Groupe Honotel

Also known as HIC, Hotel Investissement Capital SAS, HI Capital

Paris hotel private equity manager (AMF GP-15000008) of the Honotel group; its five FPCIs buy and reposition midscale and upscale hotels, mostly walls plus operating business, in France and Europe.

HEADQUARTERS
Paris, France
FOUNDED
2015
AUM
—
OUTSIDE CAPITAL
Yes
TEAM LISTED
7 people

Focus

STAGES
Buyout
SECTORS
Consumer & E-commerceReal Estate & PropTech
ASSET MIX
Private equityReal estate
GEOGRAPHY
FranceEurope

Overview

Hôtel Investissement Capital (HIC) is a Paris portfolio management company authorised by the AMF in March 2015 and owned by the Honotel group, a French hotel investor and operator. Its professional private equity funds (FPCI Hôtel Patrimoine, Cap Hospitality, Cap Hospitality III, IV and V) acquire existing midscale and upscale hotels, mostly buying both the property and the operating business, and reposition them with Honotel as operating partner. Hotels shown on its site include properties in Lyon, Nice, Chamonix, Brussels and Madrid. In April 2026 Cap Hospitality IV and V acquired the Pavillon Monceau hotel in Paris.

Investment thesis

Off-market acquisitions of existing hotels and hostels with value-creation potential through management or repositioning, mostly walls plus operating business, in dynamic French city and tourist markets and neighbouring countries; long-term bank debt, CapEx repositioning and operations run by Honotel, with a 5–7-year holding horizon.

PORTFOLIO (8)

  • Hôtel Pavillon Monceau (Paris)
    Consumer & E-commerce · since 2026
  • GLINT, Hostel & Suites (about 400 rooms)
    Consumer & E-commerce · since 2025
  • Hôtel Chromatics (Lyon)
    Consumer & E-commerce
  • Hôtel Aqua (Brussels)
    Consumer & E-commerce
  • Hôtel de l’Arve (Chamonix)
    Consumer & E-commerce
  • Hôtel Casón del Tormes (Madrid)
    Consumer & E-commerce
  • Hôtel Excelsior (Nice)
    Consumer & E-commerce
  • Hôtel Charlemagne (Lyon)
    Consumer & E-commerce

People

  • Suzanne Todd
    President; Head of Compliance and Internal Control · source
  • Patrick Luis
    Managing Director · source
  • Laurent Lapouille
    Founding Managing Director · source
  • Stéphane Dreux
    Investment Director / Fund Manager · source
  • Julien Montillo
    Director / Fund Manager · source
  • William Meon
    Portfolio Director / Fund Manager · source
  • Anne Fauconnier
    Investor Relations Director · source

Links

Frequently asked questions

Hôtel Investissement Capital is a private equity fund based in Paris, France, founded in 2015.

Yes. Hôtel Investissement Capital invests its own capital in private companies.

Hôtel Investissement Capital invests at Buyout stage in Consumer & E-commerce and Real Estate & PropTech.

Key people at Hôtel Investissement Capital include Suzanne Todd (President; Head of Compliance and Internal Control), Patrick Luis (Managing Director), Laurent Lapouille (Founding Managing Director) and Stéphane Dreux (Investment Director / Fund Manager).

Hôtel Investissement Capital's investments include Hôtel Pavillon Monceau (Paris), GLINT, Hostel & Suites (about 400 rooms), Hôtel Chromatics (Lyon), Hôtel Aqua (Brussels), Hôtel de l’Arve (Chamonix), Hôtel Casón del Tormes (Madrid), Hôtel Excelsior (Nice) and Hôtel Charlemagne (Lyon).

The most recent publicly reported investment by Hôtel Investissement Capital is Hôtel Pavillon Monceau (Paris) (Acquisition of real estate and business operations (Cap Hospitality IV and V)), announced in Apr 2026.

Yes. Hôtel Investissement Capital manages capital from outside investors.