Sofidy, a leading independent real estate investment manager and subsidiary of Tikehau Capital, is continuing its expansion in Europe by investing in a portfolio of six hotels in Germany. The hotels will be operated by the B&B HOTELS hotel group.
Sofidy carried out this strategic operation on behalf of the SCPI SOFIDY Europe Invest, IMMORENTE, EFIMMO 1 and SOFIDY Convictions Immobilières Société Civile.
With a total of 902 rooms, these six hotels are strategically located in major German cities, including Aachen, Bonn, Bremen, Duisburg, Düsseldorf and Frankfurt. Each of these cities has a dynamic hotel market that caters to both business and leisure travelers.
As part of the transaction, new 25-year leases have been signed with the international hotel group B&B HOTELS, which has taken over the operation of these establishments. The portfolio will also benefit from a plan to renovate rooms and technical facilities, which will enhance the guest experience.
"Thanks to its economic strength, political stability and legal certainty, Germany is one of Europe's most sought-after countries today. This operation is perfectly in line with our investment strategy, which aims to adopt a cautious and selective approach. Indeed, in acquiring these hotels, we have focused on one of the most resilient business segments in the current economic climate, oriented more towards domestic customers. The very long firm terms of the operating leases also offer long-term visibility on potential rental income for our SCPIs SOFIDY Europe Invest, IMMORENTE and EFIMMO 1, as well as for our Société Civile SOFIDY Convictions Immobilières." - Jean-Marc Peter, Managing Director of SOFIDY