LyvInn Acquires Frankfurt Hotel
Main Photo: Frankfurt, Germany [Credit: Stefan Elvis-Stiuca on Unsplash]
Date: March 2022
Name: LyvInn Frankfurt
Location: Gallus, Frankfurt, Germany
Number of Keys: 164
Seller: TBA
Buyer: Blantyre Capital
Blantyre Capital Limited has agreed to acquire a 164-room hotel in Frankfurt to be operated under the LyvInn brand. No purchase price was given for the transaction.
Located at the centre of the Europaviertel, a housing and business development in the Gallus district of Frankfurt, the hotel will be fully refurbished and operated under a management agreement. The property is set to include flexible room structures combined with communal spaces such as co-working desks and social areas for both extended-stay and short-stay guests.
LyvInn is a London-based hybrid hotel brand looking to convert existing hotels/hostels and repurpose existing buildings, between 3,500 to 12,000 sqm, 100 – 350 rooms in a conventional hotel. Properties will include freehold/long term ground leases and operating leases.
Navneet Bali, founder and CEO of LyvInn, explained: “LyvInn is a unique hybrid hotel allowing young people to stay, work, play and connect in vibrant cities. LyvInn’s aim is to operate in every major European city. The collaboration with Blantyre is an exciting step in this direction and we are looking to actively grow the portfolio with our new Partner.”
Johann Scheid, investment executive at Blantyre, said “We are excited to partner with Navneet and his team to leverage their experience of the European market and the hybrid hotel segment. Blantyre will support the refurbishment and redesign of the hotel to seek to make it a compelling offering in the Frankfurt Messe market. We are looking to grow the portfolio under the LyvInn brand in Germany and across Europe over the coming years.”
“Having previously worked with Navneet as well as Blantyre leadership, I am very excited about this newly formed partnership. I am convinced that Navneet’s track record as operator and Blantyre’s ability to provide flexible capital solutions are an excellent match.” George Kountouris, Senior Advisor to Blantyre Capital, added.
Blantyre Capital Limited is a London-based investment management firm with long-term committed capital in excess of €1.6 billion. The company manages capital on behalf of institutional investors including public and private pension plans, endowments, foundations, private funds and family offices.
Price: Undisclosed
THPT Comment: LyvInn is the new venture of former chairman of Meininger Hotels, Navneet Bali. The brand is a combination of transient and extended stay, unlike Meininger which is fully transient.
First Seen: Boutique Hotel News
The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market. For more information – Visit www.thpt.co.uk or email info@thpt.co.uk
