Courbet Heritage
EEURONEXT:MLCOU1.20
EUR
-0.10
(-7.69%)
ISIN
FR0004998318
Return %
Stock
S&P 500
1Y
-20.00
14.20
3Y
-61.29
81.12
5Y
-12.41
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Jean-François Laurent Ott
- Full Time Employees
- 3
- Sector
- Finance
- Industry
- Financial conglomerates
- Address
- 59, Avenue Victor Hugo Paris IF France 75016
- IPO Date
- Sep 24, 1990
- Website
- courbetheritage.com
- Similar Companies
- Business
- Courbet SA (MLCOU.PA), operating as Courbet Héritage, engages in the development, management, and investment in real estate assets, with a focus on special situation properties requiring renovation and repositioning for value creation. The company specializes in tourist accommodation assets, hotels, residential properties, commercial buildings, and office spaces; its portfolio includes projects such as the Hotel Mozart in Prague managed under agreement with Accor, the Christ Roi hotel in Lourdes, the Hollywood Hotel in Cannes, and properties like Arena Corner in Budapest, La Praguoise apartments across Paris, Prague, and Warsaw, and various hospitality assets previously developed under the MaMaison chain in Central Europe and Suncani Hvar hotels in Croatia. Courbet offers asset management services, hospitality operations, and strategic consulting for capital raising in real estate, targeting markets in well-known cities including Paris, Berlin, Prague, London, Austin (Texas), Lourdes, and regions across Central and Eastern Europe, Western Europe, Germany, France, and internationally. Founded in 1955 and headquartered at 58-59 Avenue Iéna (or Avenue Victor Hugo), 75116 Paris, France, Courbet operates from key locations in Paris, London, Prague, and Austin, leveraging over 30 years of expertise from Chairman Jean-François Ott in executing more than 200 real estate, hospitality, and alternative investment projects. The company was formerly known as Société Anonyme Courbet and has transitioned to Courbet Héritage, with a recent name change to Courbet Asset Management announced in 2024 alongside an extension of its fiscal year from June 30, 2024, to December 31, 2024, creating an 18-month exceptional period. In June 2022, Courbet acquired a real estate complex exceeding 8,000 square meters in La Bourboule, France, from the OTT Group, which holds a significant stake via OTT Heritage, followed by additional asset purchases including a second property in September 2022. Recent developments include the signature of a management agreement with Accor for the Mozart hotel in Prague, the acquisition and repositioning of the Christ Roi hotel in Lourdes supported by crowdfunding platform La Première Brique raising €2.785 million from 2,961 investors, and a €20 million capital increase with €9 million immediate in 2024 and the balance via ORA bonds. In 2024, a merger project emerged between Courbet Héritage and MyHotelMatch (MHM), a related entity in the Ott galaxy, potentially involving MHM purchasing Courbet subject to regulatory approval, alongside active support from the OTT Group providing approximately €23 million in assets and cash over 18 months. Courbet maintains a lean structure with 1-2 employees, focuses on long-term enhancement of tourist destinations and heritage through direct operations or partnerships with hotel groups, and lists on Euronext Access Paris (ISIN: FR0004998318).