Arbireo Capital, an independent investment manager that focuses on European real estate, has appointed Theodor Kubak as managing director for its new Arbireo Hospitality platform. He is responsible for all hotel investments, with an initial focus on Germany and Europe.
This move integrates all of the company‘s investment and asset-management activities in the hotel and long-stay segments. With this hospitality platform, Arbireo Capital will cover most hotel-related businesses, from sourcing and acquisition to structuring and active asset management, as well as exit strategies.
The new subsidiary is part of the wider strategic reorganization of Arbireo Capital to address the various asset classes managed by the group.
“Theodor Kubak was our first-choice candidate from the very beginning when it came to appointing a managing director for our new hospitality platform,“ said Christoph Flügel, co-CEO of Arbireo Capital. “His many years of experience in all facets of the hotel business proper, as well as his role in structuring investments coupled with his active involvement in a wide range of European asset-management assignments fits perfectly to our strategic approach. We want to combine both aspects in one single platform and offer synergies to our investors in this growing, yet crowded, market.“
Martin Leinemann, co-CEO of Arbireo Capital, said the team would benefit from Kubak’s expertise and long-standing network within the hospitality markets in Germany and abroad. “With our existing and new partners, we are already realizing projects and transactions across the German and European markets. As a direct result, we provide sustainable value creation to our investors in this management-intensive asset class.“
Kubak began his career in the hotel segment in 1983 and filled various management positions in Austria, New Zealand, Russia, Georgia and Turkey. In 1997, he was co-founder of Servus International, a consulting specialist for hotel investment, asset management and operational services. He joined Union Investment Real Estate to structure the company’s hotel asset and investment management in 2007. More recently, his focus was on entering and penetrating new markets. As senior investment manager and head of U.S. investment management, he was responsible for more than 40 transactions and an investment volume of approximately €2.5 billion.
Kubak also is a founding member and served as the first president of the Hospitality Asset Manager Association (HAMA), where he still serves on the board.