Union Investment buys Hampton by Hilton in Warsaw

German fund Union Investment has finalized the purchase of Hampton by Hilton Warsaw City Centre, from the scheme’s developer, Austrian S+B Gruppe. The value of the deal has not been disclosed. The hotel is one of the biggest projects under Hampton by Hilton’s brand. It features 300 rooms on 17 floors. The project was originally launched by now-bankrupt company Salwator. S+B bought the unfinished building in 2011, pledging to pay off the previous owner’s liabilities. Last year, the scheme was awarded LEED certificate. The Hampton by Hilton will be the 39th hotel project in the fund’s portfolio, and the first one in Warsaw. The total value of Union Investment hotel portfolio is €2 billion.