Aroundtown leases two hotels at Berlin’s Alexanderplatz to Leonardo Hotels for 20 years
Why this matters
Hospitality has separated by chain scale and demand segment, with luxury and resort outperforming and select-service holding pricing power on a leaner cost base. New construction starts remain at multi-decade lows, which has supported in-place RevPAR and made conversions of soft-branded flags an increasingly active part of transaction velocity. For sponsors with operational expertise, the sector continues to offer one of the more compelling income-plus-appreciation profiles available across CRE.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- Disclosed hospitality deal value tracked in September 2026: $1.4B across 11 reported transactions. All Hospitality coverage →
Computed from Real Estate Trail’s own tracked coverage
Aroundtown signed 20-year leases with Leonardo Hotels for two Berlin Alexanderplatz properties totaling 624 rooms, rebranded from the former H2 and H4 hotels.
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