BayernLB, a specialised bank for real estate financing, has announced a strategic expansion of its involvement in the hotel segment. The institution aims to achieve growth of two billion euros in this asset class in the coming years.
The geographical focus of this initiative is primarily on Germany. Here, BayernLB concentrates on the Top 7 cities as well as other established hotel markets characterised by high tourist and economic demand. Additionally, selective European core markets are being considered, namely Milan, Paris, Amsterdam, and London.
Strengthening expert teams
To consistently implement this strategy, BayernLB is strengthening its internal specialist capacities. The existing hotel team in Germany will be expanded with Felicitas Hockemeyer and Johannes Lehmann. In London, Niamh Watkins will reinforce the expert group. These new personnel will work closely with Lothar Lohr, who has managed the segment for many years from the bank's Munich office.
BayernLB is also leveraging the expertise and network structures of its other locations for this initiative. These include branches in Frankfurt, Berlin, Düsseldorf, and Hamburg, which contribute to comprehensive market coverage.
Comprehensive financing spectrum
Bernd Mayer, Head of Real Estate at BayernLB, explained that the institution finances hotel properties across all segments. The spectrum of financing thus includes existing properties, project developments, and restructuring projects. In doing so, the bank considers various operator and contract models.
The targeted strengthening of the specialised team underscores BayernLB's commitment to the hotel industry, which is evaluated as an attractive and resilient asset class.
