trending Market Intelligence /marketintelligence/en/news-insights/trending/bihbCMWNudHPg8Moiwflrw2 content esgSubNav
In This List

Whitbread purchases German hotel portfolio

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Whitbread purchases German hotel portfolio

Whitbread PLC bought a three-property hotel portfolio totaling 482 rooms in Germany for an undisclosed sum, marking the U.K.-based company's second acquisition in Germany.

The portfolio, sold by a private individual, comprises two leasehold hotels that are open and operating in Nuremburg and Munich, with Whitbread having the right to acquire the freeholds in seven and 13 years, respectively. A further leasehold hotel is under development in Stuttgart.

Whitbread said the Acomhotel-branded properties will be renovated, after which they will be relaunched as Premier Inn hotels, expected to occur in early 2020.