Atream is pleased to announce the acquisition of B&B Stuttgart Airport Messe, for the REIT (SCPI) Atream Hotels.
- A mid-range establishment run by a respected operator.
- An acquisition located in a dynamic industrial area that drives the region’s economy.
- Consolidation of Atream’s position in the strategic European hotel real estate segment.
Paris, March 13th, 2020 – Atream, an asset management company specialized in real estate investment and long-term capital investment in the tourism industry, has signed the €10.6 million acquisition of the B&B Stuttgart Airport hotel building for the REIT (SCPI) Atream Hotels.
Located in the city of Stuttgart, the capital of Germany’s Baden-Wurttemberg state, the B&B Stuttgart Airport hotel is ideally situated at just 5 km from the Stuttgart International Airport (Germany’s eighth largest airport) and the well-known Stuttgart Messe exhibition center. It enjoys a strategic location within a high-tourism area and a dynamic industrial hub. Stuttgart is also home to the headquarters of several international companies.
The B&B Stuttgart Airport hotel features 101 rooms designed according to B&B’s affordable hotel concept and 27 parking places. With this operation, Atream benefits from a corporate guarantee from B&B Hotels SAS, a respected brand with more than 420 hotels worldwide.
This new acquisition illustrates the REIT (SCPI) Atream Hotels’ investment strategy of acquiring hotel buildings operated on long-term leases by solid brands in big euro-zone cities.
For Pascal Savary, Chairman of Atream: “This new acquisition is in line with the strategy we outlined for the REIT (SCPI) Atream Hotels and consolidates Atream’s position in the European tourism real estate segment.”
Founded in 2008 by Pascal Savary and Grégory Soppelsa, ATREAM is an independent management company, accredited by AIFM, specialized in creating and managing real estate funds and providing real estate investment advice for corporate and individual investors. With a presence in many real estate investment segments, ATREAM has developed specific and recognized expertise in assets in the tourism, service and winemaking industries, as well as in residential buildings. www.atream.com.
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