Paris – September 12, 2018. On 28 July 2018, the Atream Hôtels REIT acquired the four-star Park Inn Göttingen hotel.
Ideally situated in Göttingen, a city at the intersection of Germany’s main agglomerations and alongside the strategic German Nord-Sud motorway, the Park Inn by Radisson Göttingen is developing 114 hotel rooms, 11 conference rooms and 95 parking spaces. The acquisition includes a fixed-term rental lease with a residual term of 15 years.
Acting as purchaser for the Atream Hôtels REIT, Atream was advised on the transaction by Simmons & Simmons. The seller, property investment fund Berlinovo, received legal advice from 3APartner and advice on the sale by BNP Paribas Real Estate Hôtels.
This new acquisition illustrates the investment strategy of the Atream Hôtels REIT:
To invest in hotels located in key Eurozone cities and operated under long-term leases.