Extendam, 123 IM and their co-investors have sold a portfolio of three Mercure hotels to their operating partner and co-investor SomnOO. Located in North Rhine-Westphalia, in Hagen, Hamm and Lüdenscheid, this portfolio comprises three 4-star hotels with 458 rooms. It was acquired in 2018 by Extendam, 123 IM and their co-investors. "This sale confirms that investing in properties and funds has strong value-creation potential: resilience, particularly in times of crisis, helps to confirm the interest of future buyers on exit," the sellers state in a press release.
SomnOO signs a portfolio of three German hotels
This is a machine translation. Automated translations are intended solely as a convenience and are not legally binding.
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IN THIS ARTICLE
- Companies
- Extendam
Finance and Insurance
- somnOO
Accommodation and Food Services
- 123 Investment Managers
Finance and Insurance
- Contacts
- Lars Backhaus
Chief Executive Officer - Administrator, SomnOO
- Christian Rousseau
Chief Executive Officer - Administrator, SomnOO
- Anna Cohen
Partner and Portfolio Manager, Extendam
- Matthieu Dracs
Gérant, Directeur Général, Extendam