German commercial real estate investor, Patrizia, has completed the sale of its 168-room Holiday Inn Essen – City Centre, near Düsseldorf, and the 164-room Holiday Inn Frankfurt Airport-Neu-Isenburg, on behalf of its special fund PATRIZIA Hotel-Invest Deutschland I. The two four-star properties underwent renovation in 2013/2014 and are being sold as part of the seller’s portfolio optimisation strategy.
Achat acquires a German portfolio of five hotels
Mannheim-based hotel management group Achat Hotels has acquired and rebranded a portfolio of five hotels in Germany, including the 163-room Achat Plaza City-Bremen, the 96-room Achat Premium Regensburg, the 87-room Achat Premium Messe-München, the 46-room Achat Comfort Airport-München, and the 88-room Achat Premium Frankfurt/Egelsbach. These new additions will bring the company’s portfolio to 35 hotels across Germany, Austria and Hungary.
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