AMWatch

ATP has high hopes for Munich hotel acquisition

The pension fund's new DKK 700 million hotel acquisition in Munich highlights the differences between buying core properties in different real estate categories. ATP Real Estate CEO Michael Nielsen elaborates on the investment that forms part of a larger European portfolio deal.

Photo: Ritzau Scanpix/Mik Eskestad.

ATP Real Estate is ready to get down to business and invest in hotel properties. The asset class requires more continuous management than other types of real estate, but the growing demand for overnight stays in Denmark and the rest of western Europe make hotels an attractive investment, says Michael Nielsen, Chief Executive at ATP Real Estate, which has recently invested DKK 700 million (EUR 94 million)  in a hotel in Munich in southern Germany. As is often the case, the hotel's location is the attractive factor, even though the property is facing a renovation within the next three years.

"The hotel continues to be a four-star Holiday Inn after the upgrade. I have seen for myself that the place is attractive to tourists and businesspeople who might not want to pay a fortune for an overnight stay. The location is very central, so you can walk to an S-bahn train station for a direct connection to the airport, which makes for an ideal logistical situation," Michael Nielsen says to EjendomsWatch, an AMWatch sister site.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Oil fund 2021 returns almost reach 15 percent

The three last years have been the best in the sovereign wealth fund's history, in NOK terms. CEO Nicolai Tangen and Deputy CEO Trond Grande don't expect the same good times going forward, however.

Further reading

Latest news

Jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch