"With the acquisition of this property, we are consistently continuing our strategy of further expanding our positioning in the resilient, high-growth budget segment. At the same time, we are expanding the geographical diversification of our fund in one of Europe's most important hotel markets. With B&B Hotels as a leading operator in the budget segment, we are expanding our exposure to a strong and proven partner. The combination of the resilience of the segment, the attractiveness of the location and the professionalism of the operator creates a solid basis for sustainably stable returns within our investment product," says Thomas Otto, Head of Investment Management Operated Properties at PATRIZIA.