Covivio Hotels SCA
COVH
ISIN FR0000060303 / Valor 498268
Covivio Hotels SCA
UMushroom community rating:
About company
Covivio Hotels SCA, a subsidiary of Covivio, is a prominent real estate entity specializing in the hotel sector across Europe. With a portfolio comprising 283 hotels in 12 countries valued at €6.4 billion as of the end of 2024, the company collaborates with major hotel operators such as AccorInvest, IHG, NH Hotel Group, and Radisson Hotel Group. Covivio Hotels supports these operators through property leasing, operating, and development projects, focusing on dynamic urban locations. The company manages its hotel assets primarily through leaseholds and direct operations, with leased hotels constituting 62% of its portfolio. Covivio's hotel management platform, WiZiU, operates hotels in France and Belgium, either directly or through franchise agreements with renowned brands like Accor, Hilton, IHG, and Marriott. The management approach emphasizes tailoring hotel experiences to the unique characteristics of each location, offering customized services such as local cooking classes or guided city tours to enhance guest experiences.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (09.04.2026):
Covivio Hotels SCA — H1 2025 (covering Q1–Q2 2025): the company delivered stronger operating momentum and balance-sheet metrics. Like‑for‑like revenues rose, EPRA Earnings increased double‑digits, the hotel portfolio value appreciated modestly, net debt declined and liquidity remains robust following a widely‑subscribed dividend‑in‑shares transaction.
Revenues
Group‑share total revenue for H1 2025 was €163.4m, up +5.3% on a like‑for‑like basis (hotel revenues €162.9m). Fixed rents rose c. +3.6% LfL while variable revenues gained +8.7% LfL.
Recurring earnings (EPRA)
EPRA Earnings were €132.3m in H1 2025, +10.7% year‑on‑year; EPRA Earnings per share was €0.88 (+8.8%).
Portfolio valuation
Hotel real‑estate portfolio (group share) was valued at €5,878m (€6,501m at 100%) at 30/06/2025, up +2.3% LfL. Average yield (ex. transfer taxes) remained c. 6.4% and financial/physical occupancy was 100%.
Balance sheet & equity
Equity increased by €183m in H1 2025 after the dividend‑in‑shares (82.3% take‑up). 9,848,860 new shares issued; total shares = 157,990,312. EPRA NTA = €4,006m (€25.4/share); EPRA NDV = €3,843m (€24.3/share).
Debt, leverage & liquidity
Net debt (group share) fell to ~€1,966m (from €2,119m at 31/12/2024). LTV stood at 29.8% (down 2.7 pts), average cost of debt 2.28%, average maturity 4.4 years, ICR ~8.1x and available liquidity (including undrawn lines) €958m.
Disposals and portfolio management
Signed disposals totalling €60m (group share) in H1 2025. Portfolio diversification: 11 countries, 17 partner brands, c. 27% economy / 40% mid‑range / 33% upscale by value.
Commercial activity
Signed a 12‑year lease with Radisson Hotel Group at Roissy CDG (305 rooms, Radisson Blu) converting a previously managed asset to a lease with variable rent + guaranteed minimum — Covivio expects >50% revenue upside for that asset versus 2024.
Profit & other metrics
Operating profit (group share) €157.1m; change in fair value of investment properties contributed +€49.7m. Recurring results and valuation improvements supported rating stability: S&P affirmed Covivio Hotels at BBB+ with stable outlook.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
4352 M
Market cap (USD)
241
Daily traded volume (Shares)
20.5 / 19.9
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
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EPS (USD)
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Ratings & reviews
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