- Location & services:
Résidence Pierre & Vacances Premium Les Chalets du Forum, located in Courchevel 1850, in the heart of the 3 Vallées ski area.
Premium location: residence situated in / in the immediate vicinity of the Forum, in the centre of Courchevel 1850, with quick access to the shops, restaurants, services and resort entertainment. The residence is indicated at approximately 100 m from the slopes and a short distance from the La Croisette sector.
Mountain / ski holiday residence operated under the Pierre & Vacances Premium brand, with upmarket apartments, Savoyard style, serviced-hotel services, ski lockers / ski facilities and a quality family positioning.
- Investment & commercial lease:
Local prices: Courchevel 1850 is an ultra-prime international market, with values generally far above the other levels of Courchevel. Unlike La Tania / Courchevel 1400, which remains a more family-oriented and more accessible heritage market, Courchevel 1850 concentrates an address premium, scarcity and prestige, with reference prices frequently between 25 000 and 35 000 €/m² for the best-located properties.
Properties marketed by Pierre & Sens are very competitive at 17 500€/m2 with an ROI above 3% net of charges.
Operator: PV Résidences & Resorts France / Pierre & Vacances.
Commercial lease proposed with a renewal for a term of 9 years from 1st October 2026 until 2035, i.e. the removal of the variable rent ((former lease)) and the introduction of a guaranteed rent, revalued by 35 %!
This change is a favourable point for the asset-related transparency of the investment: income becomes more predictable, with a significant increase in the guaranteed rent, without dependence on a variable share linked to operating turnover.
- Rental management:
Management provided by Pierre & Vacances, the European historic operator of the tourist residence.
Managing agent mentioned in the lease: SOGIRE.
Charges shared between landlord and tenant according to the lease; caution to be maintained regarding major works, technical renewals, compliance upgrades, furniture and general meeting decisions.
Important point: as part of the renewal, the renovation works are fully covered by Pierre & Holidays. Planned works include: flooring – replacement of the floor in the entrance, kitchen and living room.
Furniture: replacement, depending on the layout, of the sofa bed or the single bed with drawers, as well as the sofa end, sofa cover, pouffe, coffee table and chairs.
Lighting: improvements made to the lighting points. The operator bearing the full cost of these works is a positive feature, as it limits the landlord's immediate financial burden and secures continuity of operation to a standard consistent with the residence's Premium positioning.
Conclusion : Mountain heritage asset, strongbox, located in a highly sought-after address: Courchevel 1850. An interesting product for an investor LMNP seeking a premium ski location, delegated operation and a strong heritage dimension.
