CEE-focused investment group CPI has acquired the Mercure Bratislava Centrum Hotel from Invesco Real Estate.
Financial details were not disclosed.
The Mercure Bratislava Centrum Hotel is centrally located in Slovakia’s capital city of Bratislava, only a short distance from the main central station and the historic city centre. The property offers 175 guest rooms, contemporary conference facilities, as well as a restaurant and bar area. Due to the sale vacant possession the property offers various opportunities to the new owner.
The transaction was supported by hotel property specialist Christie & Co, which identified a buyer for Invesco Real Estate within the framework of a structured sales process.
Said Simon Kronberger, director Austria & CEE for Christie & Co: 'The hotel currently fits very well with the demand profile of many investors, who are increasingly looking for value-add products in European capitals.
'As the Mercure Bratislava has a lot of potential with its size and the quality of the location and building substance, we faced strong investor demand and received multiple offers.'
The buyer, CPI Property Group, owns a total of 41 hotels across Europe and is one of the largest hotel investors in the CEE region. After rebranding, the hotel will be operated by CPI’s internal management team.
For Christie & Co, the sale is another sign of the rebound in hospitality investments in CEE, following a pandemic slowdown.
Kronberger concluded:'Especially in the second half of 2021, we see an increasing demand for hotel properties across Europe and expect to see several transactions to take place in the next months.'
