Union Investment has acquired the Barceló hotel in Hamburg (pictured) for the open-ended real estate fund UniImmo Deutschland.
The hotel is let to the Spanish operator Barceló for a 20-year period.
In addition, Union Investment has exchanged contracts for the Barceló Raval hotel in Barcelona, which will become part of the UniImmo Europa fund.
The hotel in Hamburg comprises 15 suites and 179 rooms as well as a conference room and spa. The Barceló Raval has 182 rooms and four suites as well as meeting rooms and spa facilities.
Union Investment owns a hotel portfolio worth €1.6bn.
