Geneva, October 2021 – Propreal has completed the sale of the Regent Hotel Berlin to real estate funds managed by Blackstone.
The luxury hotel is exceptionally located in central Berlin next to Gendarmenmarkt, one block from Friedrichstrasse and within walking distance of major attractions including the Brandenburg Gate, Reichstag, and Checkpoint Charlie.
The hotel has 195 rooms, including 39 suites, and offers expansive amenities such as a spa, restaurant, and cocktail bar.
Propreal, an independent property investor, acquired and actively managed the hotel since 2014 on behalf of one of its funds.
Yves de Kerdanet, CEO at Propreal Capital Partners said “This transaction reflects the continued appetite for the hospitality sector and Berlin’s attractiveness as both a business and leisure destination. At Propreal, we remain confident in the sector and continue to focus our investment strategy on Core and Value Add in key cities across continental Europe”
Companies involved in the transaction
The seller was advised by Hogan Lovells Germany, Rutsaert Legal and RSM during the transaction.
About Propreal Capital Partners
Propreal is an independent real estate investor and asset manager founded in 2012, with a portfolio of mixed-use, hotels, retail and residential focused projects, recognised for its strong partnerships with its investors. The company is focused on unlocking property value in markets such as Germany, Switzerland, Spain, France, Italy and the United Kingdom; targeting urban properties that are identified for their untapped potential.