BC Partners Real Estate and Hova Hospitality, in partnership with B&B HOTELS, sign the acquisition from AccorInvest of a portfolio of 30 hotels in Germany

BC Partners Real Estate and Hova Hospitality have announced today the acquisition of a portfolio of 30 hotels in Germany, in partnership with B&B HOTELS. The portfolio was sold by AccorInvest and comprises 2,308 rooms, located in various cities across Germany.

The hotels will undergo a major refurbishment program, including a comprehensive energy efficiency upgrade. The entire portfolio will be operated by B&B HOTELS via long-term, CPI-linked leases. The transaction shows the strong synergies between BC Partners Real Estate’s active investment- and asset-management capabilities, Hova Hospitality’s deep sector expertise and B&B HOTELS’ operational and technical competence.

Konrad Stoebe, Managing Director at BC Partners Real Estate: "This major transaction is part of our drive to increase our exposure to the hotel market in Europe. After Edgar Suites, we are continuing to invest in this sector alongside our industry-leading partners, B&B HOTELS and Hova Hospitality. The investment also represents a further attractive addition to our portfolio in Germany, where we continue to identify attractive opportunities across sectors."

Dominique Ozanne, Chairman of Hova Hospitality: "We are delighted to complete our first transaction with BC Partners Real Estate and to strengthen our partnership with B&B HOTELS. Following this acquisition, we will have 120 B&B Hotels under management. In total we will achieve assets under management of €2.5 billion with a portfolio of 200 hotels in 9 countries.”

BC Partners Real Estate and Hova Hospitality were advised by Greenberg Traurig, Ernst & Young and Gleeds on the transaction.

Arno Schwalie, CEO Central & Northern Europe of B&B HOTELS: “This acquisition marks a significant milestone in the strategic development of B&B HOTELS, by completing a complex, multi-asset transaction together with our partners BC Partners Real Estate and Hova Hospitality. The new locations will enable us to expand our position as a leading provider in the value-for-money segment. Our focus is on ensuring long-term success through targeted modernization and sustainable investments and offering our guests the best value.“

B&B HOTELS were advised by Freshfields Bruckhaus Deringer, Kucera, Hogan Lovells and PwC.

---/

About BC Partners Real Estate BC Partners is a leading investment firm with over €40 billion in assets under management across private equity, private debt, and real estate strategies. Established in 1986, BC Partners has played an active role for over three decades in developing the European buy-out market. BC Partners Real Estate is a real estate investment platform launched in 2018 as a fully integrated business within BC Partners. Its debut fund BC Partners European Real Estate I (‘BCPERE I’) achieved total commitments in excess of €900 million. BCPERE I has made investments in France, Germany, the United Kingdom, Spain and Italy, across office, industrial, hospitality, living, and mixed-use assets. For more information, visit https://www.bcpartners.com/real-estate-strategy/

About B&B HOTELS B&B HOTELS is one of the most important economic hotel groups in Europe. Founded in Brest in 1990, the group has a network of more than 800 hotels in 17 countries in Europe, the UK, Brazil and the USA. B&B HOTELS is positioned in the value-for-money sector and aims to offer its customers comfort and quality at the best value for money. Corporate social responsibility is an important issue for the hotel group. In order to meet consumer expectations and ensure the credibility and transparency of measures that have a positive impact on society and the environment, B&B HOTELS has been certified by the independent organisation SOCOTEC in the area of sustainability. B&B Hotels Germany GmbH is a subsidiary of the international hotel group B&B HOTELS. The financially strong group - majority shareholder is the private equity company Goldman Sachs - is planning 400 hotels in Germany and Austria and 3,000 hotels worldwide by 2030.

About Hova Hospitality HOVA is a company specialized in acquisition and asset management of hospitality asset across Europe. Founded by Dominique Ozanne (Chairman), Gael Le Lay (Deputy CEO) and Elsa Tobelem (Deputy CEO) who have more than 25 years of experience in the European hotel sector For more information, visit https://www.hovahospitality.eu