REIUS. advised Azure Hotels on the transaction.
Azure Hotels announced the sale of three hospitality assets near Alexanderplatz in Berlin to Schroders Capital.
The assets comprise the two previous Indigo and Holiday Inn hotels as well as the One80° hostel. The British hotel group Whitbread intends to open the second hotel of its Premier Inn brand in Berlin next spring.
For this purpose, the two hotels will be merged and will form the largest hotel of the British brand in Germany. Azure Hotels will continue to operate the hostel under a long-term lease.
Azure Hotels is one of Europe’s leading hotel investors and operators combining extensive financial and commercial property experience with a deeply established hotel and hospitality heritage.
The Reius team included Dr Christian Thiele (Picture), Annette Griesbach, Dr Nikolaus Dickstein and Robert Mayer.
Involved fees earner: Nikolaus Dickstein – REIUS Rechtsanwälte Partnerschaft mbB; Annette Griesbach – REIUS Rechtsanwälte Partnerschaft mbB; Robert Mayer – REIUS Rechtsanwälte Partnerschaft mbB; Christian Thiele – REIUS Rechtsanwälte Partnerschaft mbB;
Law Firms: REIUS Rechtsanwälte Partnerschaft mbB;
Clients: Azure Hotels;