Atream Hôtels, the hotel real estate REIT (SCPI) from French asset management firm Atream, has acquired an economy hotel in the Netherlands.
Located in the town of Zaandam, outside Amsterdam, the property will be leased to B&B HOTELS, marking the group’s entry into the Dutch hotel market. It is its second partnership with Atream after the latter acquired B&B hotels Stuttgart-Airport/Messe in 2020.
“This new acquisition is perfectly in line with the strategy we have outlined for the REIT (SCPI) Atream Hôtels and strengthens its portfolio of tourism residence assets by maintaining a balance between leisure and business travel”, said Pascal Savary, Chairman of Atream. The group’s investment strategy focuses on tourism residences managed by solid operators via long-term leases and located in the Euro zone, particularly northern Europe.