Los Angeles-based Younan Properties launched a new resort division in November of 2016 with the acquisition of the French property Chåteau du Petit Chéne. Younan Properties owned property in five major U.S. state prior to their first European acquisition, which capped off a 2015 marked by rapid growth. The chateau – purchased for 7.5M Euros – was built in the early 17th century and sits amidst 160 acres of wooded parkland, lakes, and a world-class 18-hole golf course. The property includes a restaurant and four-star hotel as well. The European acquisition will be overseen by a wholly-owned by a French holding company, La Grande Maison Younan Collections. In addition to the 7.5M Euro Younan Properties spent to acquire the property, a source noted they plan on spending an addition 5M Euros on a five-star hotel and Michelin star restaurant. According to Younan’ Properties Chairman and CEO Zaya Younan, they have been “studying Europe for the last four years and have found a number of unique opportunities in France.”
