24 May 2019
Union Investment adds to hotel investment team
To support the expansion of its global hotel portfolio, Union Investment Real Estate GmbH has strengthened its specialist team. On 1 May, Benjamin Walter (38) took up the role of senior investment manager in the Investment Management Hospitality team headed by Andreas Löcher. Prior to joining Union Investment, Benjamin Walter worked at Aareal Bank AG in Wiesbaden for some 13 years, where he served as director of the hotel financing division from 2015. He has degrees from the Ecole hôtelière de Lausanne and Mannheim Business School in partnership with ESSEC Business School Paris. During his time at Aareal Bank AG, Benjamin Walter was involved in the North American, European and Asian markets. Overall, he supervised the financing of hotel properties totalling EUR 2.5 billion, with a focus on Canada and Europe.
“Ten out of 13 of Union Investment’s actively managed real estate funds have the option of investing in hotels, and hotel properties remain high on our fund managers’ wish lists. We are therefore delighted to have additional support for our team from Benjamin Walter, not least to help drive forward the international expansion of our hotel portfolio,” said Andreas Löcher, head of Investment Management Hospitality at Union Investment Real Estate GmbH.
Union Investment is one of Europe’s leading hotel investors. Its broadly diversified hotel portfolio in Europe and the US currently comprises 68 properties with a total value of more than EUR 5.5 billion. Recent transactions include the acquisition of the Hyatt House/Hyatt Place in Charleston (USA), a Premier Inn/Hub by Premier Inn in Edinburgh and the purchase of a hotel portfolio developed by benchmark Real Estate in Germany at locations in Dresden, Oberhausen, Eschborn near Frankfurt and Freiburg im Breisgau.