Art-Invest Real Estate acquires four-property B&B hotel portfolio in Germany

by   CIJ News iDesk III
2024-10-03   08:47
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Art-Invest Real Estate has announced the acquisition of a portfolio of four B&B hotels from Covivio, further strengthening its budget hotel fund. The newly acquired properties are located in key German cities: Berlin, Cologne-Frechen, Oberhausen, and Koblenz. Together, they offer a total of 400 rooms, all under long-term lease agreements.

Situated in highly accessible and visible micro-locations, these hotels benefit from strong demand across both business and leisure sectors.

Dr. Peter Ebertz, Managing Director of Art-Invest Real Estate, commented on the transaction: “This acquisition allows us to enhance our core budget hotel fund with four well-performing B&B hotels. Even amid the current market conditions, we continue to find attractive investment opportunities, which have contributed to the fund’s solid performance. With a narrowing gap between seller and buyer price expectations, we foresee an upswing in the hotel investment market.”

Art-Invest Real Estate received legal counsel from GSK Stockmann, while technical advice was provided by Reese Baumanagement, Witte Projektmanagement, and Albers-Parken Consulting. Commercial consulting was handled by Hotour Hotel Consulting, with JLL Hotels & Hospitality acting as the broker for the deal.

This acquisition reflects Art-Invest Real Estate’s strategic focus on expanding its presence in Germany’s budget hotel market, reinforcing its position as a key player in the sector.

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