Germany: Funding administration platform Life-style Hospitality Capital (LHC) has acquired the Roomers Munich Resort to develop Dean Group into Europe, backed by funds managed by Elliott Funding Administration.
The 280-room Roomers Munich Resort, an Autograph Assortment property, options 4 F&B venues, a spa, and two occasion areas.
It would bear a renovation and repositioning below administration of the Dean Group, marking the primary lodge in Europe to be operated by the staff.
Keith Evans, founder and CEO of LHC, stated: “We’re thrilled to have acquired such a high-profile and revered lodge within the wanted Munich lodge market. The lodge is of institutional high quality and well-established within the native market. That is an thrilling first transfer for the Dean Group because it begins to construct its presence throughout continental Europe.”
The Dean Group portfolio consists of 9 accommodations throughout Eire and Germany, comprising roughly 1,100 rooms inclusive of pipeline.
Enlargement into Europe follows the 2023 acquisition of Clarence Resort in Dublin by Press Up Hospitality Group, which on the time owned the Dean Group platform.
A majority stake in Dean Group was then acquired by Life-style Hospitality Capital the identical 12 months.
LHC was based in 2023 with a concentrate on worth‐add funding alternatives throughout way of life hospitality and operational actual property, together with coworking, coliving, prolonged keep and wellness.
