Union Investment completed the acquisition of Marriott Autograph Collection Hotel at Lake Tegernsee from Marriott.

Union Investment, a real estate investment management company, completed the acquisition of Marriott Autograph Collection Hotel at Lake Tegernsee from Marriott, a brand of full-service hotels and resorts. Financial terms were not disclosed. “The resort hotel sector has experienced decades of growth. It has shown itself to be crisis-proof and proved its resilience again during the Covid-19 pandemic. New concepts and the ongoing professionalisation of operators are making the asset class increasingly attractive as an investment target for institutional investors. Acquisition of this hotel on Lake Tegernsee further diversifies Union Investment’s hotel portfolio,” Andreas Locher, Union Investment Head of Investment Management Hospitality.