Autograph Collection Hotel Caro & Selig sold to Union Investment
Christie & Co has been supporting the developer Planquadr.at in selling the Autograph Collection Hotel Caro & Selig on Lake Tegernsee to Hamburg-based real investment manager Union Investment.
The vendor is a subsidiary of the developer Planquadr.at, a partner company of Soravia based in Salzburg, Austria. Sustainability aspects are being taken into account in the construction of the hotel and LEED Gold certification will be sought. The acquisition marks the entrance into the resort hotel market for Union Investment.
Located in the coveted holiday region Tegernsee Valley, the property will be a leading establishment for the entire region. The modern architecture and open concept will also attract external guests and visitors from Munich and the region. The roof-top terrace is a special highlight with splendid sights above the lake and into the panorama of the mountains. The hotel is situated just 300 metres from Lake Tegernsee, over which most of the rooms from the second floor upwards will have a direct view of. The hotel will offer 100 double rooms, 25 suites, a 90-seat restaurant, a 180-seat rooftop bar, event facilities and a wellness area with an infinity pool.
Christian Häupl, CEO of Planquadr.at is pleased about the successful transaction: “It is a great honor for Planquadr.at and Soravia that Union Investment could be convinced by our sustainably developed project with a concept tailored to the location.”
Four Peaks Hospitality GmbH, part of the Soravia Group, has already signed a 20-year lease for the property. The hotel will operate under the name “Caro & Selig, Tegernsee, Autograph Collection”, a premium soft brand of Marriott Bonvoy, one of the world’s largest and most successful hotel chains.
Benjamin Ploppa, Director and Head of Hotels Germany at Christie & Co, who accompanied the sale with his team, comments: “The leisure segment has been hit less hard than city hotels by the Covid-19-pandemic, making this a perfect investment for institutional investors like Union Investment to diversify and grow their portfolio. It was great to work together with the team of Planquadr.at and the transaction team of Union Investment. More than ever, it is crucial to identify the right strategic fit of sustainable product, strong brand, reliable operator, and sought-after location.”
You can also find this press release online here.
Kirsti Mueller, Marketing & PR
T +49 (0) 172 651 50 48