Lifestyle Hospitality Capital (LHC) Group has acquired the Roomers Munich Hotel in an off-market transaction, securing a strategic hotel for its portfolio
The Dean Group, an integrated lifestyle hotel platform actively expanding across Europe and USA, is a joint venture between LHC and funds advised by Elliott Investment Management L.P.
An investment vehicle managed and led by Lifestyle Hospitality Capital (LHC) Group, and backed by funds advised by Elliott Investment Management L.P., announced today that it has acquired the Roomers Munich Hotel. The 280 room lifestyle hotel will undergo an extensive renovation programme, which will deliver an elevated hotel offering and enhance the food & beverage experience.
Keith Evans, Founder & CEO of LHC, commenting on the acquisition, said: “We are thrilled to have acquired such a high-profile and respected hotel in the sought after Munich hotel market. The hotel is of institutional quality and well-established in the local market. This is an exciting first move for the Dean Group as it begins to build its presence across continental Europe.”
The hotel will be operated by the Dean Group, which operates other leading lifestyle hotels such as The Dean, The Clarence and The Leinster in Dublin, as well as award-winning restaurants and bars such as Sophie’s, Ryleigh’s and Layla’s.
About the Dean Group
The Dean Group is a dedicated hotel real estate, brand and management platform. Based in Dublin, the Group includes nine distinctive freehold properties across Ireland and Germany, comprising around 1,100 hotel rooms (including ongoing developments), 35+ bars, restaurants and wellness facilities. The unique design of each hotel contributes to the cultural fabric of the local communities and supports and promotes art, culture, music and nightlife.
About Lifestyle Hospitality Capital (LHC) Group
LHC is a global investment management platform that provides partners with dedicated access to a diversified range of value-add investment opportunities across the entire spectrum of lifestyle hospitality and operational real estate. Founded in 2023, LHC has established a unique team of private equity and lifestyle hospitality real estate specialists focused on investing in global hospitality real estate, brands and operating platforms. www.lhc-group.com
About Elliott Investment Management L.P.
Elliott Investment Management L.P. manages approximately $69.7 billion of assets as of June 30, 2024. Founded in 1977, it is one of the oldest funds under continuous management. The Elliott funds’ investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, high net worth individuals and families, and employees of the firm.
