11/9/2022 | Hotels

Christie & Co supports benchmark. Real Estate with the sale of the Moxy Hotel and the Residence Inn by Marriott in Hamburg Altona

Christie & Co supports benchmark. Real Estate with the sale of the Moxy Hotel and the Residence Inn by Marriott in Hamburg Altona.

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Especially in the current market situation, which is characterised by uncertainties, the demand for sustainable hotel properties is particularly pronounced. European cities that can demonstrate a balanced guest mix are in the focus of investors. Hamburg offers precisely these demand generators and is therefore high on the list for hotel investors," explains Philipp Wolter, Senior Consultant Investment & Letting at Christie & Co who accompanied the transaction process together with Theresa Hirche.

The Moxy Hotel and Residence Inn by Marriott are located in the westernmost district of Hamburg Altona with very good transport links to both public transport and the federal highway B 431. With Moxy as a modern and appealing brand among travellers of different target groups and Residence Inn as a complementary long-stay product, the new hotel building in Altona forms an optimal mix for tourist use, business travellers and people planning a longer stay in Hamburg.

The Moxy Hotel Hamburg Altona comprises a total of 220 modern hotel rooms. Two meeting rooms, spacious public areas, retreats and a "co-working space" as well as a modern fitness area can be used by hotel guests. The Residence Inn by Marriott has a total of 44 suites on 6 floors. The two properties each have a separate entrance, providing guests with a clear demarcation between the two brands. The hotels work closely together, for guests this means, among other things, a wider choice of food and beverages around the clock in different spaces, and for management there are shared back-of-house areas.

The in 2021 newly hotel building, was planned and implemented by the renowned German real estate project developer benchmark. REAL Estate. Since the opening, the two hotel concepts have been operated by the Odyssey Hotel Group.

Benjamin Ploppa, Director & Head of Hotels Germany at Christie & Co sums up "Especially in times of growing uncertainty, the structural factors of this investment, in particular the balanced demand mix, the quality of the operator, the strength of Marriott's dual branding, the excellent construction quality and the emerging location prove to be particularly attractive and resilient."