IREMIS, the Luxembourg-based real estate investment management specialist, has advised a leading US asset manager on the acquisition of the Steigenberger Hotel am Kanzleramt.
This high-quality hotel is located directly at Berlin's main train station and in the government district. With 339 rooms, extensive conference facilities and a first-class spa with a view of the Chancellery, it has become one of the top addresses for international business and leisure travellers in Berlin.
With this acquisition, IREMIS further expands its hotel and leisure platform and underlines its strategic commitment to supporting its clients in investing in high-quality hotel properties in Europe's core cities. After supporting the transaction and arranging the financing, IREMIS will focus as a specialized partner on strengthening the hotel's positioning and achieving long-term value enhancements in close cooperation with the operator, Steigenberger Hotels & Resorts (part of Deutsche Hospitality).
Peter Lenhardt, Head of Hotel and Leisure at IREMIS, said: "We are proud to have been involved in the acquisition of such a prestigious hotel in the heart of Berlin on behalf of a leading US asset manager. This investment reflects our shared belief in the resilience of the hotel sector, as well as Berlin's significant potential and continued appeal as a leading European travel and business hub."
