June 30, 2022
CHRISTIE & CO SUCCESSFULLY IDENTIFIES NEW TENANT FOR HOTEL IN ESSEN
Essen. Welcome becomes Ramada. Christie & Co has found a new tenant in the Motogel hotel group, which will operate the former Welcome Hotel in Essen under the “Ramada by Wyndham” brand in the future. For the Latvian hotel operator Mogotel, this is the second hotel in Germany, with more to follow in the near future.
On July 1, the Latvian hotel group Mogotel will take over operation of the 176-room business hotel on Schützenbahn in Essen. The Riga-based group is the largest hotel operator in the Baltic States. In Germany, Mogotel operates a second hotel in addition to the new Ramada by Wyndham Essen: the Wyndham Garden Munich Messe, which was also recently opened. In the medium term, more hotels are to follow throughout Germany.
The owner, who is represented by FLE GmbH, is also pleased with the new operator. “Mogotel has convinced us as a tenant with the franchise brand Ramada by Wyndham, we are looking forward to the future cooperation,” commented Alexander Klafsky, Managing Partner at FLE, who together with his team accompanied the process on the owner side. Vienna-based FLE GmbH acts as investment advisor to the French LFPI Group for its real estate investments in Germany, Austria and the CEE countries.
The owner was supported by Christie & Co. in a structured process of finding an operator. Christie & Co was able to inspire Mogotel for the location in the center of Essen. “Due to the pandemic, it was particularly important to choose an experienced hotel operator. We are very pleased to have won a renowned tenant in Mogotel,” sums up Lukas Hochedlinger, Managing Director Central and Northern Europe, who accompanied the lease together with Mona Eynck, Senior Consultant Investment & Letting.
Press contact:
Anna-Maria Schlintner
FLE GmbH
Palais Kinsky
Freyung 4/12, 1010 Vienna, Austria
office@fle.co.at
Tel.: +43 1 53202110