SCPI Atream Hôtels

In 2016, we launched Atream Hôtels, the first real-estate investment trust to invest in tourism accommodation real estate.
  • Tourism real estate investment
  • First SCPI dedicated to hotel and tourism real estate

SCPI Atream Hôtels

AMF visa SCPI approval no.21-13 dated 20 august 2021
  • 4.78 %
    1st quarter 2022 distribution rate
  • 2.64 %*
    2021 distribution rate**
  • 5 shares
    From
  • 3 months (1st day of 4th month after subscription)
    Payout term
  • Quarterly
    Distribution frequency
  • €232,874,800
    Capitalisation at 31/03/2022
  • *The 2020 distribution rate was strongly impacted by the Covid-19 crisis and by the difficulty of tenants to collect their rent. As a reminder, the distribution rates for the three previous years are between 4.60% and 4.80%
  • **Market Value Pay-out Ratio: the ratio between distributed revenues and the average share purchase price.

Strengths

With long-term leases for secure rental income, this asset class is both different and complementary to offices and business premises. The hotel market boasts high occupancy rates and stable tenants. This SCPI allows for investment in tourism assets in Europe (eurozone). Another advantage: the SCPI selects renowned operators recognised for their expertise in the hotel sector.
4.78 %
1st quarter 2022 Distribution rate
2.64 %
2021 distribution rate
100%
hotels and tourist residences
15.7 years
Residual fixed lease term at 31/03/2022
19
assets and equity participation
1
equity holding

Investment strategy

3- & 4-star hotels in urban areas with high tourist traffic
strong brands and leading tenant operators
operating premises with immediate rent payments
long-term leases
strong national economies with stable euro: geographical diversification without exchange risk

Everything you need to know

Know more about the SCPI

  • Real-estate investment trusts (SCPI) are unlisted collective property funds invested exclusively in real estate.
    All types of investors wanting to invest long-term in the real estate market are eligible.
    Investment begins at several thousand euros, in exchange for a risk of capital loss and reduced liquidity and provide the following benefits:
    – indirect access to real estate markets traditionally reserved for professional investors;
    – full delegation of management to a real estate specialist;
    – potential additional revenue;
    – a diverse approach to property risk.
    The recommended investment term is 10 years. The SCPI bears the costs for investment and property management.
  • In compliance with section 8 of the CGI (General Tax Code), the SCPI is tax-transparent and is not subject to French corporation tax.

    A progressive income tax rate is applied to individual shareholders and corporate taxes to legal entities. Individual shareholders can declare their property income in the “micro-foncier” plan (under certain conditions) or the “régime réel d’imposition”. For individual French residents, revenue from cash investments are taxable in the capital investment income category.

    General principle of French income tax

    Revenue generated by the company, such as capital gains realised on sale or withdrawal of shares, is therefore directly taxable on the basis of shareholders’ individual circumstances and proportionate to their shares in the SCPI.
    French property revenues and capital gains are subject to social security levies of 17.20%.

    General principle of foreign income tax

    – Foreign property revenue is subject to taxation in the country where the property is located. Tax is paid at the source. Foreign revenues are not subject to French social security levies.

    – SCPI revenue is declared and taxable in the investor’s property income category. Depending on the tax treaties between France and the countries where the SCPI invests, rebalancing mechanisms can be provided to avoid double taxation, such as a tax credit.

    For more information: see the SCPI Atream Hôtels information sheet that can be downloaded in the documentation section.

Risk profile

SCPI shares are a long-term investment for the purpose of diversification. In case of subscription with credit: Note: absence of guarantee for SCPI capital and income does not void reimbursement conditions of credit used for subscriptions. In the event of default, shareholders may be forced to sell their shares and may lose capital. Resale of shares may not cover repayment of the credit.
  • The SCPI bears a risk of capital loss: capital invested is not guaranteed.
  • The profitability of SCPI investment is generally determined by:
    (1) potential or possible dividend payments. This depends on property lease terms and may develop randomly over the duration of the investment;
    (2) the amount of capital you will receive, either on the resale of your shares or, if applicable, on SCPI liquidation. This amount is not guaranteed and depends mainly on the development of the real estate market concerned over the total investment duration.
  • The withdrawal or sale of shares is subject to a prearranged purchase agreement. As a result, the time frame for share resale varies with purchase requests in the market.
  • We draw investors’ attention to the fact that SCPI Atream Hôtels is legally authorised to use direct and indirect debt, from banks or other lending bodies, up to 40% of the value of the assets to finance investments. This is in compliance with the decision of the constituent general assembly of 14/9/2016 that property investment can be financed with debt up to 100% of its acquisition value.

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