Luxembourg-based real estate investment manager IREMIS has advised a leading U.S. asset manager on the acquisition of the Steigenberger Hotel am Kanzleramt in Berlin, one of the German capital’s flagship hospitality properties. Situated next to Berlin’s main railway station and in close proximity to the federal government district, the hotel features 339 rooms, large-scale conference facilities, and a wellness area overlooking the Chancellery. Since opening, it has established itself as a prime destination for both international business travellers and tourists. The acquisition marks a further expansion of IREMIS’s hotel and leisure platform, which focuses on securing and managing high-quality hospitality assets in major European cities. Beyond arranging the financing and facilitating the transaction, the firm will continue to work alongside the operator, Steigenberger Hotels & Resorts, part of Deutsche Hospitality, to strengthen the property’s positioning and support long-term value creation. Peter Lenhardt, Head of the Hotel and Leisure Division at IREMIS, said: “We are proud to have been involved in the acquisition of such a prestigious hotel in the heart of Berlin on behalf of a leading U.S. asset manager. This investment reflects our shared conviction in the resilience of the hospitality sector and in Berlin’s strong appeal as a leading European travel and business destination.” The deal underscores renewed investor confidence in Europe’s hotel market, particularly in core cities such as Berlin, which continues to benefit from robust tourism demand and its role as a major business hub.