Douglas Elliman Inc. has broadened its luxury real‑estate footprint by adding the ski resorts of Chamonix and Morzine in the French Alps to its portfolio. The move, announced on December 3, 2025, is backed by a new French alliance led by industry veterans Philippe Curutchet, Fredrik Lilloe and Edward de Mallet Morgan, with local specialists Matt Edelsten and Andy Symington joining the team in Mont Blanc. The partnership will give clients seamless access to ultra‑prime and off‑market properties across France and Monaco, targeting the growing demand from international high‑net‑worth buyers seeking mountain retreats.
The expansion comes amid a challenging Q3 2025 financial period. Douglas Elliman reported revenue of $262.8 million, a 1.4% decline from $266.3 million in Q3 2024, and a net loss of $24.7 million, better than the $27.2 million loss in the same quarter last year. The shortfall was driven mainly by lower commissions and brokerage income, as reduced existing home sales and challenges in the Development Marketing division weighed on earnings. Despite the revenue miss, the company’s nine‑month revenue for 2025 rose 5% year‑over‑year to $787.6 million, reflecting a 6.7% growth in the last twelve months.
Market reaction to the earnings miss was muted, with the stock falling 6.1% in pre‑market trading after the report. In contrast, the year‑to‑date performance has surged 54%, a gain largely attributed to the strategic international expansion and operational improvements that have bolstered investor confidence in the company’s long‑term growth prospects.
CEO Michael S. Liebowitz emphasized the strategic importance of the French Alps move, stating, “I am tremendously proud to welcome the Alps to the Douglas Elliman portfolio. We look forward to bringing our expertise in luxury mountain real estate to this legendary destination.” He added that the expansion, combined with the sale of the property‑management subsidiary, sharpens the firm’s focus on pure‑play luxury brokerage and positions it for accelerated growth as market conditions improve in 2026 and beyond.
The French Alps expansion is a key component of Douglas Elliman’s broader strategy to diversify geographically and deepen its presence in high‑margin luxury markets such as Aspen and Snowmass. By tapping a segment that commands premium transaction values and attracts a global clientele, the company aims to capture additional commission income while reinforcing its brand as a premier luxury brokerage worldwide. The move also signals confidence in the resilience of the luxury real‑estate market, even as the company navigates short‑term headwinds from lower domestic sales and development‑marketing challenges.
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