Blantyre Capital has agreed to buy a 164-room hotel in Frankfurt, which will operate under the LyvInn brand.

The company did not give an exact location for the property, other than to say it is in the inner-city Europaviertel development. No purchase price was given for the transaction.

The property will be refurbished and LyvInn will operate the hotel under a management agreement.

London-based LyvInn was founded by Navneet Bali, former CEO and chairman of Meininger Hotels and has plans to expand across Europe. The brand is looking to convert hotels and hostels as well as repurpose existing buildings of between 3,500 and 12,000 square metres or 100 to 350 rooms for existing hotels. Properties will include freehold/long term ground leases and operating leases.

LyvInn’s hybrid hotel model will offer flexible accommodation targeting groups, families and young professionals with flexible room structures and communal spaces, such as co-working desks and social areas.

What They Said

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."