With this latest transaction, the chain has completed the acquisition of seven hotels in various German cities – including two properties in the capital – in the space of just one month, thereby strengthening its already solid presence in the German market.
The Leonardo Hotels chain continues its expansion in Germany with the acquisition of three former Revo chain hotels, located in Munich, Hanover and Braunschweig. This is the second major transaction in just one month, following the company’s simultaneous purchase in early September of four hotels located in Berlin (two hotels), Düsseldorf and Dortmund.
These properties are now joined by the newly acquired hotels in Munich and Hanover, which will strengthen the chain’s presence in both cities, as well as its first hotel in Braunschweig. Together, the three newly acquired properties add 735 rooms to Leonardo Hotels’ accommodation capacity.
Consolidation in the German market
Leonardo Hotels will take over the management of the former Hotel HYPERION in Munich, which will operate as the Leonardo Royal Munich Bavaria Towers. It will be the twelfth property managed by the Leonardo Group in the Bavarian capital and will enable it to expand its capacity in the city with 341 modern and spacious rooms and studios. The hotel also features six meeting rooms, with a total area of 700 square metres for conferences and events for up to 290 people. The facilities are rounded off by a restaurant with an open kitchen and bar, a gym, over 130 parking spaces and charging points for electric vehicles.
The hotel is situated in the Bogenhausen Tor complex, near Prinzregentenplatz. Munich city centre is around four kilometres away and can be reached by tram in about 15 minutes. The Munich Exhibition Centre can be reached by car in under 10 minutes.
In Hanover, the former Intercity Hotel Hannover will join the group’s existing portfolio under its new name: Leonardo Hannover City Center. With this acquisition, the number of Leonardo hotels in the capital of Lower Saxony rises to four. The Leonardo Hannover City Centre is a 14-storey hotel situated just east of the main railway station. It features 220 rooms with modern furnishings and facilities, as well as a restaurant, an outdoor terrace and a bar. It also has five meeting rooms, three of which can be partitioned.
New destination: Braunschweig
The Leonardo Braunschweig City Centre marks Leonardo Hotels’ entry into the city known as the ‘City of the Lion’. The hotel has 174 rooms, a restaurant and a bar. Its four meeting rooms are equipped with state-of-the-art technology for hosting conferences.
The hotel enjoys a strategic location next to the main railway station, with easy access to the city centre and the wider region. It is also within easy reach of some of Braunschweig’s main attractions, such as the historic Castle Square, St Blaise’s Cathedral, Brunswick Palace and the St Magnus district.
Jan Heringa, Vice-President of Development and Project Management at Leonardo Hotels Central Europe, said: “These three hotels each have distinct profiles and business environments: a large-scale conference and events centre in Munich, a city-centre property in Hanover and a brand-new venture in Braunschweig. This diversity fits perfectly with our approach of developing a network that spans various locations and offers a wide range of hotel services. We would like to express our sincere thanks to our partners, Real I.S., Deka Immobilien and Swiss Life, for their collaboration and for the trust they have placed in us.”
“With Leonardo Hotels, we have not only secured an operator with extensive experience and strong creditworthiness, but we have also ensured a virtually seamless transition thanks to the excellent collaboration,” says Hendrik Kob, Head of Asset Management at Real I.S., the company that holds the Hanover property in its portfolio.
About LEONARDO HOTELS
Leonardo Hotels is one of the fastest-growing hotel chains in Europe in recent years. It currently operates a portfolio of over 315 hotels across 21 countries and 137 destinations, with more than 56,000 rooms and over 1,300 conference rooms. Its brand portfolio includes: Leonardo Hotels, Leonardo Royal Hotels, Leonardo Boutique Hotels, NYX Hotels by Leonardo Hotels, Leonardo Limited Edition, Master and Leonardo Smart Hotels.
Source: MUNKA Comunicación