Premier Inn has secured a further portfolio in Germany: The hotel chain’s British parent company, Whitbread, a well-respected company listed on the London stock exchange, acquired three hotels with a total of 482 rooms from a private owner.
The portfolio consists of two existing hotels in Munich and Nuremberg which are currently operated under the brand acomhotels as well as a development project in Stuttgart.
The three new hotels will be operated under the Premier Inn brand following their completion/ remodeling, which are planned for the beginning of 2020. Confidentiality was agreed with regard to the purchase price.
GvW Graf von Westphalen advised the previous owner in this transaction under the lead of Frankfurt based partner Titus Walek, supported by a team consisting of Christian Esch (Partner, Hamburg), Karsten Kujath (Associated Partner, Frankfurt) und Martin Knoll (Senior Associate, Munich).