Aurelius Growth Capital has acquired the Lindemann Hotels group for an undisclosed amount. The hotel group includes four boutique hotels in Berlin.
Aurelius intends to use the acquisition and as a starting point for growth and scaling as part of the buy and build approach.
The Lindemann Hotels group, based in Berlin, was founded in 1993. The corporate group consists of the four boutique hotels Calma Berlin Mitte (Mitte district), fjord hotel berlin (Tiergarten district), Lindemann’s (Schöneberg district), Anna 1908 (Steglitz district) and the central service company Lindemann Hotels Management GmbH. The hotel group employs 52 people.
The transaction was initiated by Engel & Völkers Hotel Consulting GmbH. Aurelius was supported in the project implementation by Hotour Hotel Consulting, Ebner Stolz and Kuzaj Wittmann.
What it means
We are seeing more and more investors looking to buy platforms rather than single assets. Buying a branded portfolio gives more opportunity for scaling and expansion.
What they said
Nico Vitense, managing partner of Aurelius Growth Capital, said: “Lindemann Hotels is a successful boutique hotel group that offers stylish, modern rooms in the heart of the vibrant capital Berlin. With high digitalization and modern style, the spirit of the times is captured. We now want to bring in our expertise, especially in buy and build and scaling business models, and continue to drive growth together with the existing employee base.”
Lars Lindemann, managing partner of Lindemann Hotels, said: “With Aurelius Growth Capital, we have found the ideal successor and see our life’s work in the best hands. Thanks to the many years of investment experience and the operational know-how of Aurelius Growth Capital, we are convinced that the hotel group will continue its success story in the future and will now even expand throughout Germany. We have already implemented the ideal digitalization concept to enable growth and scalability as quickly as possible.”