JLL arranges Four Seasons Resort Bora Bora sale to Gaw Capital's private equity fund

The Four Seasons Resort Bora Bora, French Polynesia

French developer Thierry Barbion and Lancaster Group Kazakhstan's investment fund Alatau Hospitality has sold the Four Seasons Resort Bora Bora to Gaw Capital's private equity hospitality fund. JLL's Hotels & Hospitality oversaw the transaction.  

Opened in 2008, Four Seasons Resort Bora Bora has 107 bungalows and villas and more than 15 acres of land for additional development in the future.

This is only the latest deal for Hong Kong-based Gaw Capital, which has been on a buying spree. Last month, the company agreed to buy the Marriott City Center hotel in Oakland, Calif., for $143 million or $289,000 per room. The hotel is being sold by a JV between New York's Apollo Global Management and DiNapoli Capital Partners, based in Walnut Creek, Calif.

The company also purchased the InterContinental Hotel Hong Kong for $938 million and Singapore's Big Hotel for $144 million. Last August, it partnered with Chicago developer Shapack Partners on the acquisition of the Public Chicago Hotel for an estimated $60 million

JLL, for its part, arranged other deals this year for hospitality groups, like Amerimar Enterprises and Contrarian Capital's sale of the 763-guestroom Sheraton Atlanta Hotel to Arden Group affiliates in March. MD Robert Webster, EVP Tim Southard and VP John Harper led the JLL team during the transaction. After the sale, the firm sold more than $1 billion in Atlanta hotels since 2013. The total includes over $600 million in downtown Atlanta. Webster said in a statement, “With limited new supply in the area and increasing demand, Atlanta’s lodging market is expected to continue growing in the years to come.”