Vastint is delighted to announce signing new agreements with a renowned hotel operator to manage 6 of its hotel properties in Germany.
The Chocolate on the Pillow Group will oversee the South Cluster, including Moxy Frankfurt Eschborn, Moxy Frankfurt Airport, Moxy Ludwigshafen, Moxy Munich Messe, Moxy Munich Airport and Moxy Stuttgart Feuerbach.
All properties – with a total of 1,321 rooms – will remain within Vastint’s portfolio. Around 140 employees will be taken on in full.
Up to now the hotels are managed by one of Vastint’s twelve divisions – Hotel Co 51 – which will continue its outstanding management of Moxy Berlin Ostbahnhof in Germany.
Vastint’s core mission is to create long-term value through strategic property investments. Our focus on developing commercial and residential real estate for active management remains steadfast. As our hotels have reached maturity, we have made the strategic decision to return to our core business in Germany, facilitating balanced growth across our operations.
This transition marks a significant milestone for Vastint, paving the way for continued success and hotel development. By entrusting another operator with a stellar reputation and a strong presence in the region, we are confident that our properties and their staff will continue to thrive under their expert management.