Disclaimer :

The Competition DG makes the information provided by the notifying parties in section 4 of Short Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.

SECTION 4

Description of the concentration

The European Commission has received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which MSD ARC Investor, LLC. (“MSD ARC”), will acquire, within the meaning of Article 3(1)(b) of the Merger Regulation, joint control of Auberge Resorts LLC. (“Auberge Resorts”). ARC Capital Holdings LLC (“ARC Capital”), the seller, will retain joint control with MSD ARC post-Transaction. The concentration is accomplished by way of purchase of shares.

The business activities of MSD ARC, ARC Capital and Auberge Resorts are as follows:

• MSD ARC is a special-purpose vehicle managed by MSD Hospitality Partners, L.P. (“MSD HP”), which is a real estate investment fund incorporated in Delaware (U.S.). MSD HP (and MSD ARC) targets investments in high-quality luxury hospitality and hospitality-related real estate assets, with the goal of producing long-term returns for its investors.

• ARC Capital is headquartered in Houston, Texas (U.S.), and is a subsidiary of Friedkin Capital Partners L.L.C. (“FCP”), a U.S.-based company that holds, directly and indirectly, investments in the hospitality industry.

• Auberge Resorts is a hospitality company headquartered in California and Maryland (U.S.), which currently operates 27 hotels, resorts and residences in North and Central America, France and Greece, with a hotel in Italy, due to open to guests in 2024.

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