Younan Properties Launches New European Resort Division

lgm with name 200In a year marked by rapid geographic expansion and growth, Younan Properties, Inc. has announced its first European acquisition. The commercial real estate investment and management company with properties in five major U.S. States has acquired an early 17th Century chateau-hotel and golf course in France in an all-cash transaction. The historic Château du Petit Chêne is located in Mazières-en-Gâtine and sits amidst 160 unspoiled acres of wooded parkland, lakes and offers a spectacular 18-hole golf course, restaurant and soon will open four-star hotel accommodations.

The French acquisition of Château du Petit Chêne was completed in October of 2015 through a wholly-owned French limited liability company (société par actions simplifiée), Château-Hôtel du Petit Chêne Golf Resorts. The new French holding company is La Grande Maison Younan Collection, SAS, which will serve as both an operational and a holding company for all European acquisitions and expansions.

According to Zaya S. Younan, Chairman and CEO of Younan Properties "We have been studying Europe for the last four years and have found a number of unique opportunities in France, which we view as Europe's 'emerging economy' from the recent recession because of its political stability and potential economic growth. Château du Petit Chêne is our inaugural acquisition and we see more opportunities to grow our European resort portfolio and create a 'single point of destination' for travelers who seek a luxury experience in magical settings."

The flagship of La Grande Maison Younan Collection, Château du Petit Chêne, remains a national treasured estate in France as a registered French historical monument. Built by the Viault family in the 1600’s, the Chateau has had just three owners. The most recent owner planned to convert the Chateau to a boutique luxury hotel, but was forced to abandon the renovation. Younan stepped in to expand the vision to renovate the property and the grounds and restore the estate to its original beauty and historical significance. Renovations to the main Chateau include carefully restoring interior and exterior finishes, adding new luxury guest suites and the renovation and launch of a redesigned restaurant, which currently serves golf course patrons.

Younan concluded. "We look forward to working with the French government at the national and local level to extend our efforts to other projects throughout this wonderful country. We believe we are caretakers of history, and we are honored to acquire the Château du Petit Chêne and to restore the grandeur of the past, while incorporating modern amenities and luxuries that will ensure that this prestigious property serves future generations," he said.