Deutsche Finance International (DFI), a pan-European private equity real estate investor specializing in customer-centric real estate with €3.1 billion ($3.43 billion) of assets under management announced that it has acquired, in partnership with CELLS Group, a German real estate development, asset management and investment company, the 32,000-square-meter (344,445-square-foot) Sheraton Berlin Grand Hotel Esplanade from Archer Hotel Capital and Event Hotels. DFI’s pan-European value-add fund is the majority shareholder in the transaction.
The firms plan to improve and reposition the property, creating a prime new mixed-use destination comprising offices and new food and beverage outlets, alongside an upgraded hotel. A key focus of the project will be to improve the asset’s ESG credentials, targeting the highest sustainability standards.
The 394-key five-star hotel is in a highly attractive location near Großer Tiergarten in Berlin-Mitte, close to the Embassy Q
