DLA Piper advises Art-Invest on the acquisition of the Premier Inn Hotel in Braunschweig
DLA Piper has advised Art-Invest Real Estate on the acquisition of the Premier Inn Hotel in Braunschweig, Germany, for its Core-Budget Hotel Fund. The seller is DIO Deutsche Immobilien Opportunitäten AG.
The largest hotel in the city of Braunschweig was built in 1982 as part of the Welfenhof ensemble, fully renovated in 2015/2016 and expanded again in 2021/22. The multi-tenant property located directly at the shopping mile houses the British hotel operator Premier Inn as well as a number of retail outlets. Long-term leases are in place with all tenants.
The DLA Piper team was led by Frankfurt-based partner Dr Florian Biesalski (Real Estate) and included partner Dr Marie-Theres Rämer (Tax, Frankfurt), counsel Sonja Beier and senior associate Alexander Lamers (both Real Estate, Frankfurt).