The Dean Group, a joint venture between Lifestyle Hospitality Capital (LHC) and funds advised by Elliott Investment Management, has acquired Roomer’s Munich hotel in Germany.
This marks an expansion of the company’s European portfolio, reported Hospitality Investor.
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The group plans to launch a renovation programme to upgrade the hotel’s amenities and enhance the food and beverage experience.
To be managed by The Dean Group, the 280-room lifestyle hotel has dining options, including IZAKAYA Asian Kitchen & Bar, Servus Heidi, Lobby Lounge & Bar, and Roomers Bar.
It also features event spaces that can accommodate up to 300 guests, with facilities such as the RED event room, an event kitchen, and four boardrooms.
Additional available amenities include a gym and a spa with a sauna, steam bath, and an infinity jacuzzi.
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By GlobalDataLHC founder and CEO Keith Evans said: “We are thrilled to have acquired such a high-profile and respected hotel in the sought-after Munich hotel market.
“The hotel is of institutional quality and well-established in the local market. This is an exciting first move for the Dean Group as it begins to build its presence across continental Europe.”
This move follows last year’s agreement in which The Dean Hotel Group sold the majority interest in its business to an investment vehicle led and managed by the LHC Group.
The agreement reportedly valued The Dean Hotel Group’s portfolio at €350m.
The Dean Group currently operates hotels such as The Dean, The Clarence, and The Leinster in Dublin, as well as restaurants and bars such as Sophie’s, Ryleigh’s, and Layla’s.
