Christie & Co brings portfolio of eight pan-European hotels to market

Commercial property advisor Christie & Co has brought a portfolio of eight pan-European hotels to market on behalf of European operator, Louvre Hotels Group.

The 470-room portfolio comprises properties in Germany, the UK, the Netherlands, Spain, and Italy, including key cities such as Berlin and Turin. All assets are located in proximity to a city centre or on a major motorway route and currently operate under a mix of the Louvre Hotels’ brands, the agent said. A guide price was not revealed.

The properties include four freeholds, two long leaseholds, and comprise two operating leases, Hotel Domicil Berlin by Golden Tulip and the Hotel Liegeplatz 13 Kiel by Premiere Classe, currently holding 4-star and 3-star ratings.

'The Hotel Domicil Berlin by Golden Tulip offers a great opportunity for operators keen to enter the market and expand their presence,' said Sarah Kamensky (pictured), senior consultant at Christie & Co.

'Berlin, the city of culture, media and science, benefits from one of the highest proportions of domestic travel in Europe, which makes the tourism sector very stable and provides both new and existing operators with scope to capitalise on the market,' Kamensky added.

Philipp Wolter, senior consultant at Christie & Co added: 'Kiel is a stable market in terms of performance, the increasing number of cruises is having a further positive impact on the local hotel industry, and we expect the hotel will attract operators who want to increase their room count on a strategic location within the city.'

Christie & Co is inviting offers for individual hotels, subgroups or for the entire portfolio, via a mix of franchise opportunities and brand-free operating leases. The other assets include the Tulip Inn Turin-Moncalieri in Italy, Campanile Elche in Spain, Campanile Zevenaar and Campanile Leeuwarden in the Netherlands, and Premiere Classe Coventry North and Campanile Hull in the UK.

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