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.
"The hotel continues to be a four-star Holiday Inn after the upgrade. I have seen for myself that the place is attractive to tourists and businesspeople who might not want to pay a fortune for an overnight stay. The location is very central, so you can walk to an S-bahn train station for a direct connection to the airport, which makes for an ideal logistical situation," Michael Nielsen says to EjendomsWatch, an AMWatch sister site.
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