Talanx AG, with the participation of Ampega Real Estate, has acquired two Hilton Hotels near the Donnersbergerbrucke in Munich, Germany. The vendor is a FREO Group company. The parties agreed not to disclose the purchase price.
The hotels, trading under the "Hampton by Hilton" and "Hilton Garden Inn" brands, together have 356 rooms. They were built in an easily accessible location inside the Mittlerer Ring. The FREO Group acquired the 10,500m² sites from Deutsche Bahn in August 2016 and began construction work in the same month. Both hotels were completed on time, after a construction period lasting only two years.
The lessee and operator of the hotels is Foremost Hospitality Management, a franchisee of Hilton Worldwide. Since the hotels opened in mid-2018 they have achieved a high occupancy rate, well above the average of the Munich hotel market.
Djam Mohebbi-Ahari, member of the management board of Ampega Real Estate, commented on the acquisition of the Munich hotels: "The purchase of these two hotels fits perfectly into our strategy of investing in properties with stable cash flows. The Munich hotel market is one of Germany's most attractive. It benefits from the major drawing power of the Bavarian capital as a business and trade fair location. The high occupancy rate of the new Hilton Hotels bears this out."
