The hotel was sold by the property company HOSPITALITY 1 Offenburg GmbH, a joint venture of Oxalis REIM GmbH, ZEITGEIST ESTATES GmbH and Property3 Group GmbH. Offenburg is located in the west of Baden-Württemberg near Strasbourg (France).

The 3-star hotel was completed in August 2021 and has 149 rooms and 45 parking spaces. It is near Offenburg train station and leased to tristar GmbH, a renowned franchise partner of InterContinental Hotels Group PLC, the largest hotel group in the world. The property meets high standards and scores with above-average guest satisfaction. The Holiday Inn Express, which is heated predominantly via heat pumps, also meets the fund's requirements in terms of energy efficiency and CO₂ emissions.

Michael Denk, Managing Director of Quadoro Investment GmbH, on the acquisition: "With its above-average sustainability rating, the property fits perfectly into the Sustainable Europe portfolio."

Christian Schleif, Managing Director of Oxalis REIM GmbH, on the sale: "We are very pleased to have found Quadoro Investment GmbH as a buyer for our property. The hotel is an excellent fit for the market and will be a great success in the long term.

Further information on Quadoro Sustainable Real Estate Europe Private can be found on the website www.sustainablerealestate.de/europe. 

Chrishal-Capital acted as advising broker for Quadoro on the transaction.