Hamburg, 16 January 2025 – HIH Invest Real Estate GmbH (“HIH Invest”) just sold a hotel located at Bahnhofstrasse 2-4 in the town of Aschheim to an investment fund run by the French fund investment manager Atream. The property, which is close to the Munich exhibition grounds in the east end of the city, is let to AccorInvest Germany and is operated as an “ibis budget” hotel format. The total lettable area of 3,912 square metres breaks down into 3,642 square metres occupied by the hotel operation and 270 square metres used for gastronomic purposes. Completed in 2007, the hotel features 150 rooms along with 33 surface parking and 51 underground parking spots. The rooms, hallways and the lobby of the hotel were remodelled in the time since 2019.
Source: press release sent 16 January 2025