Bierwirth & Kluth Asset Profile

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Year established

1998

Location

Wiesbaden Germany

Primary Industry

Travel & Leisure

About

Founded in 1998 by Peter Bierwirth and Klaus Kluth, and based in Wiesbaden, Germany, Bierwirth & Kluth, a franchise partner of Marriott and Intercontinental Hotels, operates as a hotel management company that provides hotel operation and management services. Borealis Hotel Group, a portfolio company of Three Hills Capital Partners, along with General Atlantic and Iron Park Capital Partners, acquired Bierwirth & Kluth. As of October 2022, the firm owns 13 hotels in Hamburg, Rhein-Main, Munich, and Vienna, with over 500 employees. The firm operates and manages hotels and various services apartments on contracts, and offers various other services such as hotel renovations, project consultations such as site assessments, validity, budget management, project management, launch, and other management-related services. Additionally, B&K also offers asset management services including property management and operational control and performs other related services.

Current Investors

Borealis Hotel Group

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Primary Industry

Travel & Leisure

Sub Industries

Consulting Services, Hospitality Services, Hotels & Accommodations, Commercial Property

Website

www.bierwirth-kluth.de

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Deals

Deals Type
Add-on

Deal Status	Target (s)	Deal Date	Investor(s)	Seller(s)	Deal size (Mn)	Enterprise value (Mn)	Post-money valuation (Mn)	EBITDA multiple (x)	Revenue multiple (x)	Lead partner (s)
Completed	Bierwirth & Kluth	01 Aug 2022

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