STEP PARTNERS TO MANAGE BERLIN’S ESPLANADE HOTEL AHEAD OF COMPREHENSIVE RENOVATION
Frankfurt (October 2025) – Step Partners today announced that it is to manage the historic Esplanade Hotel in Berlin from 1 December 2025. The appointment comes ahead of plans for a thorough renovation of the iconic hotel on Lützowufer in Berlin-Tiergarten which will transform the hotel and place a…
ASHG EXPANDS EUROPEAN HOTEL PORTFOLIO WITH THE ACQUISITION OF FLI GROUP, A PORTFOLIO OF 8 HOTELS IN BELGIUM
ASHG (Alchemy Step Hotel Group) is pleased to announce the acquisition of FLI Group, a portfolio of eight hotels in Belgium. ASHG is an investment partnership between Alchemy Special Opportunities LLP and Step Partners GmbH, dedicated to investing in the European hotel sector. FLI Group’s portfolio…
HOTEL INVESTOR ASHG EXPANDS PORTFOLIO WITH ADDITIONAL HOTELS IN BOCHUM AND SCHWERIN AND FORMS STRATEGIC ALLIANCES WITH MARRIOTT INTERNATIONAL AND ALLIANCEBERNSTEIN
ASHG (Alchemy Step Hotel Group), an investment platform specializing in hotel turnaround situations, has acquired two more hotels: the stays (formerly Renaissance) hotel in Bochum and the nh hotel in Schwerin. Together with the Hotel am Technologiezentrum in Dortmund, which was acquired in February…
ALCHEMY AND STEP PARTNERS ESTABLISH A JOINT SPECIAL SITUATIONS HOTEL INVESTMENT PLATFORM AND ANNOUNCE FIRST INVESTMENT IN DORTMUND, GERMANY
Funds advised by Alchemy Special Opportunities LLP (“Alchemy”), the European private equity and special situations firm, and Step Partners GmbH (“Step”), a fully-integrated hotel operator and investment company focused on turnaround situations, have formed a hotel investment platform (Alchemy Step…