Invesco Acquires Hotel in Gdansk

Invesco Real Estate has acquired the 327-bed Cloud One Hotel Gdańsk in Poland on behalf of a German separate account mandate. The property was purchased from Granaria Development Gdańsk, a joint venture between Immobel and Multibud.

This acquisition marks the client’s first venture into the hotel sector. Financial details of the transaction were not disclosed.

Located on Granary Island in central Gdańsk, the seven-storey hotel was completed this year and will be operated by Motel One Group under a 25-year lease.

Michael Berchtold, Director of Fund Management at Invesco, emphasized that the property aligns perfectly with the client’s mandate, offering quality, location, and a strong tenant profile. He noted that the European hotel sector continues to recover post-COVID, presenting strategic opportunities for institutional investors seeking to diversify.