Atland reaffirms its interest in the European lodge industry
On behalf of its SCPI Épargne Pierre Europe, the Atland management firm has simply purchased a Campanile lodge in Germany. This transaction is completely basically based on the firm’s blueprint, led by Bruno Juin in payment of lodge investments.
A strategic acquisition
This latest acquisition entails a 169-room lodge located in Duisburg, between Düsseldorf and Essen. Scheduled for completion in 2020, the property is leased to Louvre Hôtel Crew below a 15-yr mounted rent.
“This transaction completely embodies our blueprint of investing in latest resources, secured by lengthy-time frame leases, while expanding our geographical footprint in Europe”. – Bruno Juin, Hospitality Funding Director at Atland
This transaction also follows on from final yr’s acquisition of the ibis Budget Bilbao Metropolis lodge, which is operated by the Continuum lodge team. The firm thus appears to be particularly drawn to the price range lodge sector.
Controlled kind
The buy of this Campanile lodge also echoes what Bruno Juin told us in a earlier interview, when he explained that the emphasis is on “finding lodge premises and an operator with whom now we include signed a rent. Priority shall be given to France, Spain, Italy, Germany, the Netherlands and Ireland”.
The variety of operator with whom to collaborate is also very crucial for Bruno Juin, “the scheme being to include security on the working side and to invent a lengthy-time frame relationship with the tenant”. As for the scale of the properties selected, “I shall be giving priority to properties with between 50 and 300 rooms, in lessons starting from 2 to 4 stars”.
Atland for the time being has 4.5 billion in resources below management, and “is at a strategic turning point, with the scheme of constructing unusual abilities and integrating consultants in each and each field, both in funding and asset management”, emphasizes the hospitality funding director.
This blueprint is mirrored in the April acquisition of your total share capital of Keys REIM, a firm focusing on the management of different right property funding funds. This acquisition “reinforces Atland’s capabilities in regulated management for educated possibilities via modern, lengthy-time frame devoted funds”.
SCPIs extra dynamic than ever
Atland’s lodge blueprint depends totally on two SCPIs, Épargne Pierre and Épargne Pierre Europe. The aged’s payout price has been stable for five years (5.28% in 2024), while the latter’s has risen to 6.75% in 2024.
Both right property funding autos are cashing in on sustained procure inflows, enabling them to diversify their portfolios via unusual opportunities.
Whereas the desires for 2025 and beyond are cautious but real looking for Épargne Pierre, with a take care of consistency moderately than outbidding, the outlook for Épargne Pierre Europe is important extra daring. Indeed, the firm is looking on a forecast distribution price in some distance extra than 6% and endured worldwide growth, thanks particularly to its entry into the German market with this unusual acquisition.
