union investment
Maritim Hotels Group and Union Investment Celebrate Topping Out of Flagship Property, Maritim Hotel Amsterdam
Maritim Hotels | June 21, 2022
German Maritim Hotels group has signed a new 50-year lease with Union Investment for the biggest integrated congress hotel in Europe, being developed in Amsterdam North, close to the River Ij and opposite the city’s central railway station across the waterway. The hotel, together with the Yvie residential tower being constructed alongside, represent a total investment commitment to the area development project of around €500 million by Union Investment. The agreement was announced at a ‘topping out’ ceremony in the Maritim Hotel tower on 15th of june by the well-known German family-owned hospitality group and Union Investment, on...
Union Investment Acquires Spain’s Hotel Barcelona 1882
February 7, 2022
Union Investment has acquired a hotel in Barcelona, Spain, which opened in November 2018 under the Barcelona 1882 brand and will be converted to a Radisson Blu as part of the acquisition process. The hotel is located close to the famous basilica of the Sagrada Familia. Due for completion in just a few years after being under construction for 144 years, the basilica is the most visited landmark in Barcelona. The acquisition is being made on behalf of open-ended real estate fund Unilmmo: Europa. The vendor is Partners Group, a leading global private markets firm, acting on behalf of its clients. “Barcelona has always been one of Eu...
Union Investment Brings Hilton to Innsbruck/Austria
December 6, 2021
As part of a rebranding and extensive refurbishment programme, the former Hotel Ramada Innsbruck Tivoli is being significantly upgraded and repositioned in the Innsbruck hotel market. Union Investment has signed a long-term lease for 30 years with German hotel operating company HR Group. The hotel has been vacant since 31 July following expiry of the lease with the former tenant. The hotel is expected to open on 15 December – in a transitional phase as an independent hotel - and will then be fully refurbished during ongoing operation. Once the refurbishment work has been completed, the hotel will be positioned in the market under the Hil...
Union Investment Acquires New Operators for Hotels in New York City and Portland
July 23, 2021
Hamburg - July 23, 2021 - Union Investment has acquired two new, big-name operators for its hotels in New York City and Portland, both of which are held by UniImmo: Global. Motel One has signed a 20-year lease for the hotel in New York City. In Portland, Oxford Capital Group, LLC will take over as tenant and manager of The Porter hotel. The hotel will continue to form part of the Curio Collection by Hilton. The hotel in New York City has already been handed over to Motel One, and the hotel in Portland is also due to be handed over in July. . “In this challenging market environment, we’re pleased to have found solutions that secure a vi...
Union Investment Rebranding Sofitel Berlin Gendarmenmarkt as Luc Following Renovation
MHP | October 3, 2019
Union Investment is completely revamping a 6,200 sq m hotel property on Gendarmenmarkt square in Berlin, thereby highlighting its commitment to this sought-after hotel location. The former Sofitel Berlin Gendarmenmarkt will be transformed into a new boutique hotel with the name Luc. The remodelling is planned to be completed by spring 2020. Munich Hotel Partners GmbH (MHP) will take over as franchisee and tenant, operating the hotel under the fast-growing Autograph Collection Hotels brand owned by Marriott International. The lease for the Sofitel Berlin Gendarmenmarkt expired on 31 August 2019. As part of the change of operator, several milli...
Union Investment and IHG to Invest 60 Million Euro to Modernize InterContinental® Berlin
IHG | March 4, 2019
IHG® (InterContinental Hotels Group) and Union Investment have announced plans to modernise InterContinental Berlin, which is owned by Union Investment and operated by IHG. The announcement coincides with the International Hotel Investment Forum (IHIF) in Berlin, Europe's most important hotel investment conference. The upgrade of the 558 luxurious guest rooms and the beautifully designed public areas of the hotel will cost around EUR 60 million. The hotel will remain open during the works, which will be managed to ensure a continued high level of hospitality and uninterrupted guest services. The renovation will take place in several...
Steigenberger Hotels AG Extends Lease With Union Investment for Germany’s Steigenberger Hotel Hamburg
Steigenberger Hotels and Resorts | February 28, 2019
Frankfurt, 28 February 2019 Never change a winning team: Union Investment, the owner of the property, and Steigenberger Hotels AG have extended the lease for the hotel on Hamburg's Fleetinsel for another 25 years. The two parties have also agreed to carry out a comprehensive refurbishment of the hotel, which was built in 1992. Beginning with the underground garage and followed by the 8th floor, the hotel will be gradually updated, remaining open during refurbishment. The works are scheduled to start in spring 2019. Union Investment is investing around EUR 50 million in the upgrading programme. "Our guests are accustomed to first-class s...
Union Investment Acquires 304-Room Dual-Branded Hyatt House and Hyatt Place in Charleston, South Carolina
Union Investment | October 11, 2018
Union Investment has acquired a further hotel property in the US. Opened in 2015, the property is located on King Street in the historical city centre of Charleston, South Carolina, one of the most popular travel destinations in the United States. The property comprises a modern Hyatt House apartment-style hotel, designed for extended-stay guests, and a Hyatt Place hotel, a brand in the premium segment. The two brands offer 304 rooms in total. The vendor of the property is Regent/BN Charleston Holdings LLC. The hotels are leased for 30 years to the operator, the Pyramid Hotel Group. The purchase price is not disclosed. Union Investment ...
