Aroundtown leases two hotels at Berlin’s Alexanderplatz to Leonardo Hotels for 20 years

Leonardo Hotels Central Europe takes over operations of the former H2 and H4 hotels, comprising a total of 624 rooms and suites in a prime central Berlin location

Aroundtown has signed long-term leases with Leonardo Hotels for two hotels in a prime central location on Berlin's Alexanderplatz. Leonardo Hotels is operating the former H2 and H4 hotels under new names: the former H2 Hotel is now the Leonardo Smart Berlin Alexanderplatz, and the former H4 Hotel is now the Hotel Berlin Alexanderplatz by Leonardo Hotels. As part of taking over the leases, Leonardo Hotels extended each of them to a term of 20 years. The 20-year leases for the two Berlin hotels strengthen the trusted, strategic partnership between Aroundtown and Leonardo Hotels, which already includes the long-term lease of the Badischer Hof in Baden-Baden.

Both hotels are located directly on Alexanderplatz, one of Berlin's most important transport hubs, with direct connections to numerous destinations across the city. The Hotel Berlin Alexanderplatz by Leonardo Hotels has 336 rooms and suites and caters primarily to business travellers as well as conference and event guests. Its facilities include a restaurant, a bar, and a gym and sauna area. More than ten event rooms with a combined capacity of over 700 people round out the offering.

The Leonardo Smart Berlin Alexanderplatz has 288 rooms and is aimed primarily at leisure travellers on shorter stays in the capital. Among other options, four-bed rooms are available for groups and families. In addition to a breakfast restaurant, the hotel offers bike rental and parking. Together, the two hotels provide a range of accommodation and usage options that appeal to different target groups at a central Berlin location.

"With Leonardo Hotels, we have secured an experienced hotel operator for two properties in one of Berlin's most central locations. The long-term leases provide a reliable foundation for the further development of both hotels. We are delighted to be working together again," says Barak Bar-Hen, CEO at Aroundtown.

"Taking over the two hotels on Alexanderplatz is an important step in our cooperation with Aroundtown. The two properties have distinct profiles and are an ideal addition to our portfolio in Berlin. We look forward to operating these locations together for the long term," says Jan Heringa, Vice President Development and Project Management at Leonardo Hotels Central Europe.

Aroundtown is one of Europe’s largest real estate companies and has a diversified portfolio which, alongside office and residential properties, also includes numerous hotel locations.

About Aroundtown

Aroundtown is one of Europe’s largest real estate companies, listed on the MDAX and specializing in high-quality, income-generating properties with value-add potential in central locations, primarily in Germany, the Netherlands and London. The portfolio mainly comprises office, residential and hotel properties. A professional organization, flexibility, innovative strength and comprehensive tenant services make Aroundtown a reliable partner for growth and success. Aroundtown is one of the leading sustainability players in the European market and is strongly represented in renowned ESG indices, including the Dow Jones Best-in-Class Index. Aroundtown has received multiple EPRA BPR Gold Awards and EPRA sBPR Gold Awards for its transparent financial and sustainability reporting. With its scale-up program AtechX and its workspace platform ATworld, Aroundtown actively drives innovation and new business models in the real estate industry. In addition, Aroundtown works together with ZIA to help shape a future-ready real estate sector.

www.aroundtown.de