Schroders Capital’s real estate hotels team has bought a hotel complex of three properties in Germany.
Schroders Capital and Capital France Hotel, a separate account managed by Schroders Capital, have invested an undisclosed amount to buy the asset in Berlin.
The acquired complex comprises the Holiday Inn Hotel, the Indigo Hotel and the One80° Hostel, totalling 527 rooms. The two hotels will be leased to Premier Inn and will undergo a renovation program. The hostel will continue to be operated by the seller under a long-term lease agreement.
Capital France Hotel already owns several hotels in Europe’s main strategic destinations, including the Pullman Bercy Paris, the Westin Palace Milan, the Saint Regis Venice, the Radisson Paris Boulogne and the Marriott Monaco Cap d’Ail.
Stéphane Obadia, the head of hotel investments at Schroders Capital, said: “We have been very impressed by the success of the Premier Inn brand, first in the UK and now in Germany. Their unique know-how in hotel management and marketing has been instrumental in this achievement.
“Schroders Capital is proud to support Premier Inn’s strategic growth in Germany by acquiring the brand’s flagship site in a prime location in Berlin. This acquisition, completed in a time frame of only five weeks, also demonstrates our commitment to delivering and conducting transactions in the most efficient and straightforward way.”
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