Leonardo Hotels Takes Over Two Hotels in the Hannover Medical Park ...Middle East

hospitality net - Cultural
Leonardo Hotels Takes Over Two Hotels in the Hannover Medical Park
source : hospitality net ( Middle East ) () 27
On 1 July, Leonardo Hotels acquired two existing hotels from Essendi, one of Europe’s leading hotel investors and operators. An extensive rebranding process will now take place to combine both into the new Leonardo Hannover Medical Park. This step will enable Leonardo Hotels to establish a third presence in Hanover and to expand its position on the regional hotel and conferencing market. Thanks to its location at the heart of the Hannover Medical Park, a dynamic centre of economic activity, research and healthcare, the Leonardo Hannover Medical Park will offer the ideal setting for business travellers, events guests and international visitors alike. The sale of these two hotels represents a continuation of Essendi’s overarching portfolio strategy, which is to place an ever greater focus on selected core markets and on high-performing assets. The aims are to increase efficiency, to reinforce the present portfolio and to use asset management as a vehicle to achieve sustainable value gro...

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