Union Investment purchases HAMPTON by HILTON hotel in Warsaw from S+B Gruppe
UNION INVESTMENT and S+B GRUPPE AG have managed to seal this transaction just in time before Christmas. The hotel will be still managed by HILTON and operated by S+B, thus ensuring its success for the future.
Up until now S+B GRUPPE AG has had 26 hotel developments on its reference list, but this multiple award winning HAMPTON by HILTON hotel has surpassed all predictions. Through this acquisition UNION INVESTMENT has enlarged its hotel portfolio to 39 objects with an overall volume of €2 billion.
“The perfect location of the hotel in Warsaw’s centre in the vicinity of the central station, the high quality execution according to the exigencies of the young HAMPTON brand and the dedicated management by HILTON have all led to the success of this establishment that has already been appreciated by several thousand guests since its opening,” commented Reinhard Schertler, chairman of the board of S+B Gruppe AG wishing UNION INVESTMENT continued success.
Dr. Christoph Schumacher, Managing Director of Union Investment Institutional Property GmbH, Hamburg, is convinced that this success story will go on: “This new hotel of the HILTON group has been developed by S+B with a particular attention to the details. It completely meets our expectations regarding a sustainable investment with high yield stability.”