BC Partners and Hova acquire AccorInvest’s German hotel portfolio
International news
Investment platform BC Partners Real Estate and property management company Hova Hospitality have acquired 30 hotels in Germany from AccorInvest.
The 30 hotels included in the deal have a total of 2,308 rooms across various German cities.
B&B HOTELS will manage these hotels under long-term, consumer price index-linked leases.
The acquired hotels will be subject to a comprehensive refurbishment programme, focusing on energy efficiency improvements.
This acquisition was facilitated by legal and financial advisers, including Greenberg Traurig, Ernst & Young, and Gleeds for BC Partners Real Estate and Hova Hospitality.
B&B HOTELS received counsel from Freshfields Bruckhaus Deringer, Kucera, Hogan Lovells, and PwC.