202-room apartment hotel marks strategic investment in Germany’s hospitality sector
PGIM Real Estate, one of the world’s leading real estate investment managers, has acquired the Adina Apartment Hotel Hamburg Speicherstadt from Commerz Real’s Hausinvest fund. This acquisition represents a strategic move by PGIM into Germany’s hospitality sector and highlights continued investor interest in prime urban hotel assets.
Located in the historic Speicherstadt district—part of Hamburg’s UNESCO World Heritage area—the Adina Apartment Hotel features 202 rooms, blending the comforts of extended-stay accommodation with premium hotel amenities. The property also includes a restaurant, conference facilities, a spa, and a fitness centre, catering to both leisure and business travellers.
The transaction underscores growing demand for resilient and flexible hospitality assets in major European cities. Apartment hotels, in particular, have emerged as an attractive segment post-pandemic, offering extended-stay options and operational flexibility.
PGIM Real Estate’s acquisition reflects confidence in Hamburg’s tourism and business travel outlook, as well as in the long-term fundamentals of well-located hospitality properties. The move also aligns with PGIM’s strategy to diversify its European portfolio across sectors that demonstrate stable income and growth potential.
This latest deal follows a broader trend of institutional investors targeting mixed-use and hospitality assets that combine location, lifestyle, and adaptability in a post-COVID travel landscape.
