Andreas Löcher has been recruited by Union Investment Real Estate to strengthen its asset management hotels team. The 38-year-old, who holds a degree in business administration, took over management of the Hamburg-based property fund manager's hotel activities on 1 July 2010.
Andreas Löcher has been recruited by Union Investment Real Estate to strengthen its asset management hotels team. The 38-year-old, who holds a degree in business administration, took over management of the Hamburg-based property fund manager's hotel activities on 1 July 2010.
Löcher joins Union Investment from Deka Immobilien, where he was head of its hotel division. He reports to managing director Frank Billand.
With over 15 hotel brands, Union Investment's hotel portfolio is broadly diversified and currently comprises 25 properties in six countries with a market value of around EUR 1.6 bn.
The company plans further acquisitions in Europe for its open-ended real estate funds, focusing on mid-range and high-end business hotels. Selected budget hotels will also be added.
