Invesco Real Estate has acquired on behalf of an institutional investor four InterCityHotels in the German cities of Darmstadt, Mainz, Frankfurt am Main (Airport) and Rostock from several vendors. The transaction value lies in the high double-digit million euro range.

In the case of each of the above entities, both companies have concluded new 30-year hybrid leases. In addition, extensive modernisation of individual entities was agreed upon.

King & Wood Mallesons SJ Berwin advised Invesco Real Estate on this transaction.

Team:

Real Estate

• Karin Elske (counsel, transaction lead, Munich)
• Lars Reubekeul (partner, Munich)
• Florian Biesalski (associate, Munich)
• Johanna Leitzke-Schmid (associate, Munich)
• Michael Barth (associate, Frankfurt)

Financing

• Wolfgang von Schönborn (partner, Munich)
• Sebastian Schrag (associate, Frankfurt)

This transaction was handled inhouse at Invesco Real Estate (Munich) by Patrik Horniak. The international hotel team of King & Wood Mallesons SJ Berwin has been advising Invesco Real Estate for several years and already provided counsel to Invesco on the hotel acquisitions for the first and second hotel funds as well as for the further investor. King & Wood Mallesons SJ Berwin’s hotel team provides advice to several renowned hotel funds and hotel investors not only in Germany but worldwide.