P+P advises Union Investment on tax aspects of the acquisition of Hotel Meliá in Berlin

Union Investment Real Estate acquired the 4-star superior property owned by the Spanish hotel brand "Melia" in Friedrichstrasse in Berlin. The seller is the real estate management company Am Weidendamm Berlin-Mitte mbH. "Meliá Berlin" will be included in the portfolio of the fund "Defo Immobilienfonds 1". With a volume of EUR 790m., the Defo Immobilienfonds 1 portfolio comprises five hotels of various brands.

Opened in 2006, the 4-star superior hotel with 364 guest rooms is leased long-term to Sol Meliá Deutschland GmbH, a subsidiary of the Spanish hotel group, Meliá Hotels International. The property also includes a restaurant that is leased to Maredo.

P+P Pöllath + Partners advised on all tax aspects of the transaction with the following team:

• Dr. Hardy Fischer (partner, Berlin)
• Sören Reckwardt (counsel, Berlin)

Marc Werner and Dirk Debald of Hogan Lovells advised Union Investment on the legal aspects of the transaction. Martin Wolff and Niklas Mirbach of Huth Dietrich Hahn advised the sellers.

P+P Pöllath + Partners regularly advises Union Investment Real Estate on tax matters, most recently in February 2016 on the sale of Äppelallee Center Wiesbaden.