Perial AM has bought a hotel in the city of Offenbach near to Frankfurt in Germany for €18 million.
The hotel joins the portfolio of the SCPI PF Hospitalité Europe. It is operated by Campanile a brand of Louvre Hotels Group, under a 20-year lease.
The asset is a 3 * property with 186 rooms and 25 parking spaces and was completely restructured in 2020
Frankfurt airport and central station is located 15 minutes from the hotel and a train stop is 6 minutes away.
Perial AM was advised in this operation by Resource Capital Partners and the law firm LPA-GGV.
What they said
Perial AM said in a statement: “This investment fits perfectly with our strategy of accommodation assets within the main European cities. We benefit from a completely renovated building in line with our ESG requirements and from one of the hotel leaders in this segment, ensuring the sustainability of rental income for our SCPI."