LHC, Lifestyle Hospitality Capital, global investment management platform that provides partners with dedicated access to a diversified range of value - add investment opportunities across the entire spectrum of lifestyle hospitality and operational real estate has acquired the Roomers Munich Hotel, well known accommodation located in the Bavarian capital in Germany to expand in Europe with Dean Group, award - winning family owned and operated hotel company established in 2001 and headquartered in Dublin - Ireland.
The operation was supported by funds managed by Elliott Investment Management L.P., a well-known American investment management firm based in New York -US also one of the largest activist funds in the world.
The Roomers Munich Hotel is a property of Autograph Collection, American group of independent upper - upscale to luxury hotels within the Marriott International portfolio founded in 2010 and headquartered in Washington - D.C. - US.
The hotel is a refined accommodation with a hip vintage vibe is situated along Landsberger Straße, one of the main arterial roads in Munich extends form almost 7.0 kilometres through the districts of Laim, Pasing – Obermenzing and Schanthalerhöhe, a lively area with several shops, bars and restaurants approximately 3.0 kilometres from the iconic Marienplatz.
The hotel which provides 280 rooms, Spa, and four F&B venues it will undergo a renovation under management of the Dean Group, marking the first hotel in continental Europe to be operated by the team.
The Founder and CEO of LHC Keith Evans said that the company is thrilled to have acquired such a high - profile and respected hotel in the sought after Munich hotel market. The hotel is of institutional quality and well - established in the local market, this is an exciting first move for the Dean Group as it begins to build its presence across continental Europe.
The expansion into Europe follows the acquisition in 2023 of the Clarence Hotel in Dublin by Press UP Hospitality Group, which owned the Dean Group platform at the time.
A majority stake in Dean Group was then purchased by LHC, founded in 2023 with the aim of investing on value - add investment opportunities across lifestyle hospitality and operational real estate, including co -living, coworking extended stays and wellness.
Dean Group, with the addition of Roomers Munich Hotel in its portfolio, now boasts nine hotels in Ireland and Germany comprising approximately 1.100 rooms inclusive of pipeline.
link - https://boutiquehotelnews.com/news/hotel/dean-group-debut-hotel-germany/
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