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Azure Hotels to sell Radisson Blu Hotel Hamburg to Wenaasgruppen

The European hotel investor and operator Azure Hotels has entered in to an agreement to sell the Radisson Blu Hotel in Hamburg to Wenaasgruppen, a family owned Norwegian company with investments in hotel properties. In Germany the company already has four hotels with a total of 1,522 rooms. The hotels are located in Berlin, Frankfurt and Düsseldorf. For the company director and multimillonaire Lars Wenaas (65), the Radisson Blu was especially attractive the stable occupancy of the hotel, which was constantly at a level of about 80 per cent during the last five years. He is also very confident about the potential of the metropolis because of the completion of the Elbphilharmonie and the modernisation of the congress center CCH.Azure Hotel...[…]