Bayreuth, Germany — Photo by Accor

German real estate fund Art-Invest Real Estate is acquiring the dual-branded Ibis Styles and Ibis Budget hotel in Bayreuth, Germany from local developer Fuchs & Söhne. The property is currently under construction and is planned to open in 2020. Both hotels will be operated by GHotel Germany GmbH under a long-term lease agreement and subject to a franchise agreement with AccorHotels. The property will have a combined 180 rooms, with 96 operated under the Ibis Styles brand and 84 under the Ibis Budget brand.

Hotel website