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A unique project in the heart of the

largest ski domain in the world

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Les 3 Vallées, cradle of the most prestigious Alpine resorts

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COURCHEVEL

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AccessQuality reference

By car 20 min from Moutiers train station1h15 from Chambery airport1h55 from Lyon-Saint Exupéry Airport

2h00 from Lyon2h30 from Lausanne (Switzerland)5h45 from Paris

By train20 min from Moutiers train station1h15 from Chambery airport1h55 from Lyon-Saint Exupéry Airport

By plane1h10: Paris> Lyon-Saint Exupéry1h10: Paris> Geneva1h35: London> Chambery1h10: London> Grenoble

600 km of slopes, including 150 km in Courchevel aloneQuality reference

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600 km of slopes, including 150 km in Courchevel alone

Courchevel

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COURCHEVEL | MULTIPLE

5 VILLAGES, 5 ATMOSPHERES, 5 ALTITUDES

• Saint Bon, the birthplace of Courchevel, at 1100 m• Courchevel Le Praz 1300, discreet charm• Courchevel Village, young spirit• Courchevel Moriond 1650, festive• Courchevel 1850, a veritable gem

-> All the villages are easily accessible

TRUE SKI IN / SKI OUT STATION FOR GREAT PLEASURE AND COMFORTAvant-garde resort, many installations providing comfortable skiing for 60 years now on safe pistes and renowned quality snow. Courchevel offers exceptional skiing.

UNIQUE LIFESTYLE IN A SINGLE RESORTThe search for excellence is the origin of Courchevel's international renown. The offer of accommodation, activities, entertainment and services is the reference in the Alps. One of the secrets of Courchevel's success is to have been able to turn excellence into a lifestyle. In Courchevel, each district cultivates its own lifestyle where authenticity is synonymous with quality first.

Awarded the Famille Plus Montagne French label in April 2010, Courchevel offers a wide range of activities to meet the needs of the wholefamily, providing a mountain of fun.

With the multitude of activities and entertainment offered throughout the resort, everything is prepared so that both children and adults enjoytheir holiday in the snow!

COURCHEVEL | UNIQUE

COURCHEVEL | FAMILY

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Courchevel 9th most popular resort in the world!

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Ski lift Piste

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Prestigious residence

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L’ÉCRIN BLANC residence will be facing the Aquamotion, on the road to

Courchevel 1650, "Grandes Combes" locality

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Location

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A new ski lift

8 place chairlift

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Slope access

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SKI LIFT

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landscape integration of the lift

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The Ecrin Blanc****, a unique experienceQuality reference

A ****resort including a hotel and a residence, in a single

building, optimising the quality of views towards the natural areas and the sun.

The façade integrates the traditions and warm materials of the local

mountain architecture of stone, wood, and slate roofs.

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The building was designed by the architect,

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From an apartment in the 4th

floor, view of the summits, Courchevel 1550 and 1650 and Aquamotion

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****Services

Ground floor planQuality reference

Private access to Aquamotion

Reception

Alpine garden Lounges

Fitness room

Conference area

Car parks

Garden floor planQuality reference

Private access to Aquamotion

Restaurant

LoungesTerrace

Kindergarten

The residence will benefit from the services offered by the hotel.

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Restaurant with panoramic views

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Private spaces for seminars or evening events

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The restaurant is extended by a terrace level with a winter snow garden and summer recreational area, directly linked to the slopes and the planned lift.

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L’Écrin Blanc, residence directly linked to Aquamotion via a private underground tunnel

Attracting visitors

With numerous activities in both winter and summer, Aquamotion further completes the extremely varied off-slope offer of Courchevel.

Aquamotion: 15,000 m² of the latest generation installations

A unique place that, all year, summer and winter, 7 days a week, meets the expectations of sportsmen, skiers as

well as residents and visitors. Even more than exceptional and innovative installations, it is the promise of a varied andunique leisure experience.

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AQUAMOTION

THE GREATEST MOUNTAIN AQUATIC CENTRE IN EUROPE

In the Courchevel tradition, it offers the best and most complete in terms of sports, recreation and well-being. The

architecture is particularly avant-garde with a building fully integrated into its environment using the latest ecologicalenergy savings materials.

10,000 m² Indoors | 5000 m² OutdoorsQuality reference

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Quality accommodation

Modern accommodation units combine industrial and mountain styles,emphasising the richness and authenticity of materials

Décor by Studio Chantal Peyrat

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The accommodation is designed to reinforce comfort, space and reveal the magnificent views

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UH1

UH1 cabin

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UH2

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UH3

Features

75 accommodation units

From Studio to 2 bedrooms

28 to 64 m²

Inclusive selling price: € 234,000 to € 642,600

Average property price: 9,160 €/m² (1)

Number Typology AreaInclusive selling price

13 Studio 28.4 to 31.5 m²€ 234,000 to€ 285,400 excl.tax

8 T1 Cab 37.1 to 40.2 m²€ 310,000 to€ 359,600 excl.tax

51One-bedroom

38.3 to 58.6 m²€ 353,000 to€ 519,200 excl.tax

3Two-bedroom

63.9 m²€ 543,000 to€ 642,600 excl.tax

(1) Property priced excl.tax, parking included. (2) Yield including furniture

Yield:

The "Premium Pack": equivalent yield of 3.75 % excl.tax (2)

Financial package: 3% excl. tax (2)

Delivery: 4th quarter of 2018

Management by BOHO (HPC subsidiary)

Property Management

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The residence in marketing termsUn référencement

L’Écrin Blanc

9,160 €/m²

Price / m²

New

Courchevel 1850

28,666 €/m²

Courchevel 1650

15,319 €/m²

Courchevel 1550

17,934 €/m²

La Tania

9,305 €/m²

Le Praz

1300

13,442 €/m²

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A unique occupation formula with the PREMIUM PACK

PREMIUM PACK

For your budget to stay at the l’Écrin Blanc, enjoy a 20% discount compared to the best

published rates

Enjoy your investment.

UNPRECEDENTED AND EXCLUSIVE

AccommodationRestaurant

Aquamotionski pass

Ski shop

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PREMIUM PACK

For a T2 at €400,000 excl.tax, you avail of a budget of €12,000

For a full week in high season (accommodation, catering, Aquamotion etc.), the stay would cost

€ 7,500 or € 15,000 for two weeks.

With a discount of 20%, 2 weeks valued at € 15,000 will be

used against the initial budget of € 12,000 or a yield of

3.75% (15,000/400,000)

Example:

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M Mid season

B Low season

Key

Published price grid

High season

€ Min € Max

Mid season

€ Min € Max

Low season

€ Min € Max

€ 425 € 515 € 288 € 339 € 115 € 135

€ 540 € 600 € 415 € 485 € 135 € 155

€ 635 € 745 € 515 € 605 € 200 € 235

€ 785 € 950 € 645 € 760 € 215 € 260

Studio

T1 Cab

One-bedroom

Two-bedroom

Management

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20 years of experience

in tailor-made building management

for luxury accommodation,

offering unique stays

Exceptional residences:

L’Écrin Blanc forecastQuality reference

Rent / turnover ratio22 %

Year 1 2 3

Turnover 7.5 M€ 7.7 M€ 7.9 M€

EBITDA € 542,000 € 741,500 € 814,000

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A resolutely PRIME asset, to take full advantage of your

investment

L'Écrin Blanc experience, at the heart of

Courchevel!

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