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Portfolio Due Diligence Hotel properties - Blackstone
Analysis of hotel real estate in the run-up to acquisitions and modernisations for quality assurance and value enhancement
On behalf of Blackstone Real Estate CANZLER appraised various hotel properties in the 3-5 star comfort segment at 13 locations throughout Germany.
With an interdisciplinary team of experts and surveyors CANZLER analysed and documented the condition of construction, finishing and technology and recorded the defects found. Costs for the removal of defects and repairs were assessed according to urgency and the overall condition was estimated for a period of 10 years.
In order to increase the market value of the properties, CANZLER carried out analyses of various concepts for modernizations and changes of use of the properties.
Project data
Object details:
Across Germany 13 hotel properties in the 3-5 star comfort range with a total of 4,000 rooms
Client:
Blackstone Group
GFA:
150.000 m2
Provided services
Counsel
Technical due diligencePhoto:
© undefined – iStock
© undefined – iStock