BC Partners Real Estate, Hova Hospitality buy portfolio of 30 hotels in Germany

BC Partners Real Estate and Hova Hospitality have announced the acquisition of a portfolio of 30 hotels in Germany, in partnership with B&B HOTELS.

The portfolio was sold by AccorInvest and comprises 2,308 rooms located in various cities across Germany.

The hotels will undergo a major refurbishment program, including a comprehensive energy-efficiency upgrade. The portfolio will be operated by B&B HOTELS via long-term, CPI-linked leases.

The transaction shows the strong synergies between BC Partners Real Estate’s active investment- and asset-management capabilities, Hova Hospitality’s deep sector expertise and B&B HOTELS’ operational and technical competence.

“This major transaction is part of our drive to increase our exposure to the hotel market in Europe,” said Konrad Stoebe, managing director at BC Partners Real Estate. “After Edgar Suites, we are continuing to invest in this sector alongside our industry-leading partners, B&a