Aina Hospitality, through the Aina Investment Fund, has acquired Vienna’s Hotel Am Konzerthaus from real estate development companies Immovate Realita and MTK BRAPRA Asset. The fund also acquired Hotel Pullman Cocagne, located in the Netherlands city of Eindhoven from real estate fund manager Ebertz & Partner.
As part of the Hotel Am Konzerthaus transaction, Aina will launch an “extensive” renovation of the hotel in a bid to improve performance “through a strategic repositioning initiative and capital expenditure.” The hotel is currently managed by Accor under the MGallery brand.
The Pullman Cocagne, meanwhile, is currently leased and operated by Accor under the Pullman collection. Its acquisition is the third investment of Aina Hospitality and is in line with the Fund’s strategy of “acquiring underperforming properties unable to carry out essential improvements.” Aina’s investment strategy is focused on the upscale hotel sector in major European cities. The Fund has recently made two other hotel acquisitions in Madrid and Vienna.
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