Group OTT acquires the Campanile Cannes hotel

Group OTT, family office of Jean-François Ott, announced the acquisition of the former Campanile Cannes Mandelieu. The 97-room hotel is located right next to the Cannes Mandelieu airport, specializing in private flights.

The hotel that offers a swimming pool and large outdoor areas to its guests is surrounded by trees and is an ideal location for guests willing to work remotely or tourists visiting Cannes wanting to enjoy the quiet and relaxing surroundings.

The property benefits from several demand generators such as Cannes football stadium, volleyball arena, or the brand new Cineum of Cannes. It is located 5 kilometres from the centre and 7 kilometres from the Cannes film festival iconic “Palais des Festivals”.

The hotel will undergo a full refurbishment and reopen with a hotel concept focusing on the cinema theme. Its clientele will benefit from the green environment of the hotel surrounded by trees, large common and F&B areas, meeting the needs of both business and leisure clientele.

Jean-François Ott, CEO of Group OTT commented: “We are glad to add this third asset to our hotel division and benefit from the great potential of this hotel and of the Cannes hotel market. We are convinced that in these challenging times there are excellent hotel investment opportunities and will actively continue seeking new assets to acquire”.