Geneva-based real estate investor Propreal Capital Partners has sold the 195-room Regent Hotel Berlin to real estate funds managed by Blackstone. The deal was finalized in late 2021. Propreal had owned the hotel, on behalf of one of its funds, since 2014. The luxurious Regent Berlin has won numerous awards, including Germany's Leading Hotel at the 2020 World Travel Awards. It is exceptionally located in central Berlin next to Gendarmenmarkt, one block from Friedrichstrasse and within walking distance of the Reichstag and Brandenburg Gate.
The acquisition was led by a Japanese corporate pension fund that brought together additional institutional investors to invest through a Luxembourg-domiciled special purpose vehicle as a separate transaction.
Ideally located on Berlin's Gendarmenmarkt Square, this classical-style, five-star hotel offers casual dining at the Charlotte & Fritz restaurant, exclusive spa facilities and free Wi-Fi. The Friedrichstrasse shopping street is just 200 meters away, and the property is situated 1 kilometer from the Brandenburg Gate.
Regent Berlin provides luxurious, soundproofed rooms and suites with antique desks, DVD players and marble bathrooms. High-quality toiletries are provided. The Charlotte & Fritz restaurant, designed in the style of a 19th-century salon, offers views of the square and serves a continental or buffet breakfast, a weekly changing lunch menu and a wide range of classic dishes, fish, vegan, vegetarian and regional specialties. Rare whiskies and fine wines are available at the Regent Bar. Regent's stylish spa includes a spacious gym and a massage service. Guests also enjoy discounts at the nearby Holmes Place health club.
Unter den Linden Underground Station is only 300 meters from the Regent Berlin. U2 line trains run to the KaDeWe department store and Messe ICC exhibition center.
About the Investor
The pension fund's investment portfolio is valued at over JPY 259.4 million, with investments in domestic and international equities, fixed income, hedge funds and cash. The private equity portfolio was valued at JPY 44.1 million, representing 17% of the total portfolio. Investments in private equity include fund-of-funds strategies diversified geographically across the United States, Europe, the Americas, Africa and Oceania. The portfolio has committed to funds managed by HarbourVest Partners.
About LSM Management
LSM Management is an integrated alternative-capital advisory and management firm with an international presence. Its focus on institutional investors drives the firm to provide sophisticated, high-quality services for complex, demanding and time-intensive projects. LSM Management designs and implements holistic wealth-management solutions in today's complex regulatory environment. The firm focuses on a select number of geographic markets, allowing it to build the expertise and resources required to provide comprehensive services to its clients. LSM Management bridges the Middle East, the Far East and select European institutional investors with fund and investment opportunities in the West.