Philipp Westermann
Biography
Philipp Westermann is Head of Europe and a Partner of Proprium Capital Partners. Prior to joining Proprium as a founding team member, Philipp was Co-CEO and Geschäftsführer of Motel One, Germany’s second largest budget hotel chain. Motel One operates over 40 hotels generating 2012 revenues of €175 million and EBITDA of €62 million. Until 2010, Philipp was a Managing Director at Morgan Stanley, where he was European Portfolio Manager for Morgan Stanley’s Real Estate Special Situations Fund and headed the UK Real Estate Investing business. Prior to joining Morgan Stanley in 2002, Philipp was a Vice President at Lazard, where he spent seven years in Mergers and Acquisitions in London and New York.
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Proprium Capital Partners
Proprium Capital Partners is an employee-owned real estate fund manager spun out from Morgan Stanley in March 2013. Members of our Team have experience investing in real estate and real estate operating companies over the course of four special situations funds in 17 years. Proprium is focused on providing investment advisory services to commingled, discretionary funds with respect to opportunistic investments in real estate and real estate-related operating companies.