Art-Invest Real Estate sells Berlin hotel to Patrizia

Art-Invest Real Estate has sold the B&B Hotel Berlin Tiergarten to PATRIZIA, with the asset acquired for the special fund PATRIZIA Hotel-Invest Deutschland I. The hotel is leased long-term to B&B Hotels. The purchase price remains confidential.

B&B Hotel Berlin Tiergarten

Located on Englische Straße in Berlin’s Charlottenburg district, the nine‑storey hotel comprises 186 rooms and 19 parking spaces. Art-Invest Real Estate acquired the project in 2015 as part of a portfolio deal, subsequently developed it, and completed it in 2016. With its natural stone façade and central location, the property is regarded as one of the standout assets within the B&B Hotels portfolio.

Over an approximately 11‑year holding period, the hotel delivered stable and sustainable returns for investors in Art-Invest’s Hotel Manage to Core fund, despite challenging market phases including the COVID‑19 pandemic.

Dr. Peter Ebertz, managing director and head of hotels at Art-Invest real estate, said: “With the sale of the B&B Hotel Berlin Tiergarten, we are concluding a successful investment that encompasses the entire life cycle of a property, from development and asset management to sale. The transaction underscores our ability to achieve attractive results for our investors, even in a challenging market environment.”

BNP Paribas Real Estate acted as exclusive broker for the seller. Jones Day advised Art-Invest Real Estate, while Gowling WLG advised the buyer. Wargny Katz served as notary on the transaction.