HIH Invest completes sale of ibis budget hotel near Munich to Atream

HIH Invest Real Estate GmbH has finalized the sale of a hotel in Aschheim, near Munich, to a fund managed by French investment firm Atream. The property, located at Bahnhofstrasse 2-4, operates under the ibis budget brand and features a total leasable area of 3,912 square meters. This includes 150 rooms, a restaurant, and 84 parking spaces, with 33 outdoor and 51 underground parking spots. The hotel, leased to AccorInvest Germany, has been in operation since its construction in 2007 and underwent significant renovations between 2019 and 2021 to modernize the rooms, corridors, and lobby.

The hotel’s strategic location in Aschheim, on Munich’s eastern city limits, makes it an attractive asset. It is five minutes by car from the Munich exhibition center, within walking distance of the Riem S-Bahn station, and less than 30 minutes by car from Munich Airport. Additionally, its proximity to the A94 motorway and the area’s emergence as a tech hub, with numerous major companies, has created strong demand for accommodations.

Daniel Asmus, Team Leader of Transaction Management Office Germany at HIH Invest Real Estate, noted the challenges faced by the hospitality sector in recent years, particularly trade fair hotels affected by declining guest numbers during the pandemic. However, he emphasized that ongoing modernization efforts enhanced the hotel’s appeal to guests and significantly boosted its market position, contributing to the successful sale.

The transaction was facilitated by BNP Paribas Real Estate, with legal counsel provided by Norton Rose Fulbright. While the purchase price remains undisclosed, the sale reflects strong investor interest in high-quality hotel properties located near major transportation and economic hubs. This marks a strategic move for both HIH Invest and Atream as the hospitality sector continues to recover.