The Dean Group has purchased Roomer’s Munich hotel, launching its expansion in Europe.
Lifestyle hotel platform The Dean Group - a joint venture between Lifestyle Hospitality Capital and funds advised by Elliott Investment Management – has acquired the 280-room lifestyle hotel and will commence a renovation programme which aims to improve the offering and enhance the hotel’s F&B experience.
The hotel will be operated by the Dean Group, which operates other lifestyle hotels such as The Dean, The Clarence and The Leinster in Dublin, as well as restaurants and bars such as Sophie’s, Ryleigh’s and Layla’s.
Why it matters
This purchase follows its October 2023 acquisition of 4-star Clarence Hotel in Dublin’s city centre and is the latest as the company continues to plot its expansion. Speaking exclusively with Hospitality Investor last year, Lifestyle Hospitality Capital founder & CEO Keith Evans outlined an ambitious strategy for LHC, noting significant potential to scale the company’s footprint across the UK, Europe and the US.
What they said
Keith Evans, founder & CEO of LHC said: “We are thrilled to have acquired such a high-profile and respected hotel in the sought after Munich hotel market. The hotel is of institutional quality and well-established in the local market. This is an exciting first move for the Dean Group as it begins to build its presence across continental Europe.”