STEIGENBERGER BAD HOMBURG SOLD

Cologne-based Art-Invest Real Estate has acquired the 169-room Steigenberger Hotel Bad Homburg in central Germany from open-ended fund AXA Immoselect for approximately €20 million. The five-star property first opened in 1883 in the town of Bad Homburg, 17 km from Frankfurt city centre. Art-Invest, which completed the purchase on behalf of its Hotel-Manage to Core-Fund, now plans to carry out a major refurbishment of the hotel’s guest rooms and public areas, and Steignberger Hotel Group will continue to operate the property. 

Back