Invesco Real Estate has acquired a 327-bed hotel in the Polish city of Gdansk on behalf of a long-standing German separate account mandate.
The acquisition is the first time the client has diversified into the hotels sector. The seller is Granaria Development Gdansk, a joint venture between Immobel and Multibud.
Built in 2024, the Cloud One Hotel Gdansk will be managed and operated by Motel One Group GmbH under a secured 25-year lease agreement. The group has strengthened and diversified in recent years with its new concept, Cloud One. Motel One Group GmbH is a leading hotel owner and operator with a portfolio of 94 hotels and more than 26,000 rooms in 13 countries in Europe and the United States. The group is known for its budget-friendly, highly convenient hotels in prime city center locations.
Motel One Group has developed a focus on sustainability and social responsibility. The Cloud One Gdansk asset itself has received the BREEAM Very Good rating, targeti
