After the Frankfurt and Berlin offices had been established, opening a branch in Bavaria’s capital in 2006 was the next logical step – and one we never regretted. With an enthusiastic and dedicated team of hotel and property professionals, the Munich office has been doing well ever since.
Since its opening, the Munich team has facilitated a large number of transactions, both on behalf of individual hotel owners as well as institutional investors and funds, including major single asset and portfolio deals – often on an international scale. We also frequently advise domestic banks and lenders with their exposure in Germany.
Germany’s Advisory and Valuations Department is led by Kay Strobl
, who manages all kinds of advisory and valuations projects such as market assessments, feasibility studies, corporate due diligence, valuations and strategic advice as department head. Patrik Hug, Consultant Advisory & Valuation Services, is responsible for market research, feasibility studies and valuation reports.
Major transactions recently brokered by the Munich office include:
- Sale of the 123-bedroom Steigenberger Hotel in Deidesheim, close to Ludwigshafen, on behalf of the owner to a Chinese group of investors.
- Disposal of a 4-star hotel in Schwieberdingen close to Stuttgart, until recently operated under the Mercure brand, by Israeli Africa Israel Hotels Ltd to a regional investor.
- Sale of the 270-bedroom Renaissance Hotel München as well as the adjoining office building, on the instruction of the owner, to a US-based private equity firm. The hotel was subsequently redeveloped to total 310 bedrooms and is now operated under franchise by Accor’s upscale brand Pullman.