ATP has high hopes for Munich hotel acquisition
The pension fund's new DKK 700 million hotel acquisition in Munich highlights the differences between buying core properties in different real estate categories. ATP Real Estate CEO Michael Nielsen elaborates on the investment that forms part of a larger European portfolio deal.
Hans Løgstrup Poulsen
ATP Real Estate is ready to get down to business and invest in hotel properties. The asset class requires more continuous management than other types of real estate, but the growing demand for overnight stays in Denmark and the rest of western Europe make hotels an attractive investment, says Michael Nielsen, Chief Executive at ATP Real Estate, which has recently invested DKK 700 million (EUR 94 million) in a hotel in Munich in southern Germany. As is often the case, the hotel's location is the attractive factor, even though the property is facing a renovation within the next three years.
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