The hotel enjoys a central location in Rotterdam in the up-and-coming Kop van Zuid submarket. The location features direct access to public transport and has gained a reputation as a hotel destination over the past few years thanks to several new-build developments. Rotterdam has an aspiring hotel market with tourism numbers and accommodation rates rising and relatively few new-build hotel developments currently in the pipeline.
This transaction continues a series of hotel purchases that BNP Paribas REIM has made in recent years. In 2015 BNP Paribas REIM Germany acquired a hotel in the central Leipzig location “am Museumswinkel” within the scope of a forward deal and two IBIS Hotels were opened in August 2016. An additional purchase was made in spring 2016 with the Radisson Blu Hotel Hanover in direct vicinity of the trade fair grounds, followed by the GHOTEL in Essen in early 2017.
The property was purchased by BNP Paribas REIM Germany for an institutional investor’s special real estate fund. The parties involved have agreed not to disclose the purchase price.The property was developed and realized by a VolkerWessels company.