ART-INVEST BUYS MERCURE IN LEIPZIG
Cologne-based real investment company Art-Invest Real Estate has recently acquired the Mercure Hotel Leipzig am Johannisplatz in the east German city of Leipzig from a private seller for an undisclosed sum. Art-Invest purchased the four-star, 174-room hotel on behalf of its Hotel-Manage to Core-Fund. The hotel was built in 1994 and has been operated by Accor Hospitality Germany GmbH since 2007; the lease contract is due to expire in 2026. “Leipzig is one of the top ten hotel markets in Germany and has shown excellent growth in hotel demand in recent years – thanks to the prospering economy of the city,” said Dr Peter Ebertz, head of hotels at Art-Invest.