Pierre & Vacances SA develops leisure and holiday concepts. It offers seaside, mountain, countryside and city-centre destinations and also operates a tourism network with homes and apartments. The company operates its business through two segments: Tourism and Property Development. The Tourism segment operates residences and villages through Pierre & Vacances Villages Clubs, Maeva, Center Parcs, Sunparks and Aparthotels Adagio brands in Europe. The Property Development segment engages in the construction and marketing of hotel rooms, apartments and new or renovated houses to individual investors. This segment also develops the Les Senioriales, which builds and markets residences. The company was founded by GÃ©rard BrÃ©mond in 1967 and is headquartered in Paris, France.