Hotel expert Andreas Löcher joins Union Investment

Andreas Löcher has been recruited by Union Investment Real Estate GmbH to strengthen its Asset Management Hotels team. The 38-year-old, who holds a degree in business administration, took over management of the Hamburg-based property fund manager’s hotel activities on 1 July 2010. Löcher joins Union Investment from Deka Immobilien GmbH, where he was head of its hotel division. He reports to managing director Dr. Frank Billand.

With over 15 hotel brands, Union Investment’s hotel portfolio is broadly diversified and currently comprises 25 properties in six countries with a market value of around 1.6 billion euros. The company plans further acquisitions in Europe for its open-ended real estate funds, focusing on mid-range and high-end business hotels. Selected budget hotels will also be added.