German owner-operator Event Hotels has acquired a portfolio of 17 Accor-branded hotels (2,021 rooms) in Germany from US private equity group Blackstone. The portfolio comprises 10 Ibis hotels (932 rooms) and 7 Mercure hotels (1,089 rooms). All hotels are situated in Germany, including Frankfurt, Cologne and Munich as well as various tier 2 cities. Following this acquisition, Event Hotels will undertake targeted renovations, invest in technology upgrades, and introduce initiatives to enhance the guest experience.Read More
