Origami Capital Partners and joint venture partner 4FI announce the sale of a premiere boutique hotel located in Berlin Koepenick to Leonardo Hotels Central Europe
Chicago, IL and Berlin, Germany, September 14, 2023 – Origami Capital Partners, a private equity firm focused on complex special opportunities, and its joint venture partner 4FI, a Berlin based real estate manager, closed the sale of the 190-room Penta Hotel in Berlin-Koepenick to Leonardo Hotels Central Europe. Origami Europe Holdings (OEH), Origami’s joint venture with 4FI, originally acquired the property in December 2021.
“We are thrilled with this outcome, particularly in such a short period of time,” stated Origami’s Managing Partner, Jeff Young. “Our 4FI partners in Berlin delivered for Origami investors through their extraordinary efforts to guide the complex, initial acquisition and property positioning to a successful sale to a strategic acquirer, Leonardo Hotels Central Europe.”
OEH boasts a strong track record of success across multiple real estate asset classes, including hotels, fitness and lifestyle, commercial and retail. OEH continues to actively evaluate opportunities the current market cycle offers to expand their relationship.
“Our successful strategy stems from two key investment tenets: a focus on asset quality and excellent locations,” said Stefan Zimmerman, Co-Founder of 4FI. “Our acquisition of the Penta Hotel represented a follow-on acquisition from a previous seller and an off-market purchase.”
The Penta Hotel represents Origami’s third investment realization from its Fund IV for which it held a final close at $520 million in the first quarter of 2020.
About Origami Capital Partners
Founded in 2008, Origami Capital Partners manages private capital that offers structured, creative approaches to complex challenges. Origami, with its extensive experience navigating complicated situations solves capital structure, liquidity, and follow-on capital issues for its deal partners. Origami evaluates and invests across asset classes and sectors, including real estate, credit, technology, and financial services. Headquartered in Chicago, IL, the firm manages committed institutional capital and is a registered SEC investment adviser.*
4FI is a Frankfurt (Main) and Berlin based investment and asset manager in the real estate and fitness, health & lifestyle sectors. The two founders, Matthias Schmitz and Stefan Zimmermann, share extensive knowledge in the relevant sectors. 4FI invests in direct real estate, real estate debt and operating companies.
*SEC registration does not imply a certain level of skill or training.