Charming Boutique Hotels & Community: Vita GmbH
Deal type: Private Equity
Industry: Real Estate
Market focus: Residential retirement development
Vita GmbH focuses on land and hotel prospects in Bavaria, Germany. Current assets include Letters of Intent (LOI) for three Quantum Leap hotels and the Vita senior living community. Vita Senior Living Community includes the construction of a large-scale senior residential center with a hotel, full-time 24-hour skilled nursing facility, restaurant, outdoor facilities, library, event hall, and shopping facilities. The property was granted final architectural approval by the local council. Vita also holds MOU to acquire interest in QL hotels. Both projects are due for reassessment once coronavirus pandemic restrictions have been lifted. Status: MOU’s for each of portfolio project is currently under review and contingent on improvements in the economic environment. Due for reassessment in the year after coronavirus pandemic restrictions have been lifted.