Union Investments acquires future Autograph Collection hotel in Germany

2 min reading time

Published on 04/11/22 - Updated on 23/10/24

 Tegernsee, Autograph Collection

Union Investment is entering the leisure hotel asset class with the recent acquisition of an Autograph Collection boutique hotel on Lake Tegernsee from the Marriott Bonvoy portfolio.

The hotel is currently still in the interior design phase and is expected to be completed in December this year. The opening is planned for March 2023.

The purchase is being made for a special fund of the Hamburg-based real estate investment manager Union Investments. The owner is a subsidiary of the property developer Planquadr.at, a partner company of SORAVIA with headquarters in Salzburg.

Located only 300 metres from Lake Tegernsee, the hotel will have 100 double rooms, eleven junior suites and 14 suites, a 90-seat restaurant, a 180-seat rooftop bar, a wellness area with swimming pool and function rooms.

The architecture of the property also stands out from other hotels in the destination. Most of the rooms on the second floor and above have a direct view of the lake. The hotel is built with sustainability in mind and aims to achieve LEED Gold certification.

4 Peaks Hospitality GmbH, a company of the SORAVIA Group, has already concluded a 20-year lease agreement. The hotel will be operated under the name Caro & Selig, Tegernsee, Autograph Collection, a brand owned by the Marriott Group. 

The leisure hotel sector is characterised by decades of growth and resilience to crises and recently proved its resilience during the Corona pandemic. New concepts and the gradual professionalisation of the operator landscape are increasingly making this asset class an investment target for institutional investors. The acquisition of the Tegernsee hotel further diversifies Union Investment's hospital portfolio. 

Andreas Löcher, Head of Hotel Investment Management at Union Investment

During the health crisis, Union Investment was one of the most active hospitality investors in Europe. Currently, its hotel portfolio comprises around 90 properties worldwide with a volume of EUR 6.7 billion.

Union Investment Group

Union Investment Group

Investor / Finance

  • Union Investment Group Germany
SEE THE NOTE
For further

Every week, the HON team brings you an expert look at the world of hospitality. By becoming a member, you will have access to a complete ecosystem: exclusive content, jobs, etc.

BECOME A MEMBER

Sign up to add topics in favorite. Sign up to add categories in favorite. Sign up to add content in favorite. Register for free to vote for the application.

Already signed up? Already signed up? Already signed up? Already registered?