2 new hotel projects in Germany

(Nuremberg/Hamburg – 12 February 2013) Nuremberg: Kochinvest plans hotel in “Citicorner” – A 110-120 room economy hotel is to be created in Kochinvest’s “CitiCorner” renovation project in central Nuremberg. Managing director Volker Koch acquired the commercial building comprising 3,700 sqm of usable space at Marienstrasse 10 almost a year ago. Renovation and redevelopment work is planned to begin in the fall. Koch intends to invest €10-11mn in the project.

Ibis Hotels

Hamburg: HIH and brixx to build two ibis hotels downtown
HIH Hamburgische Immobilien Handlung and brixx Projektentwicklung from Munich are to develop a hotel complex in the southern part of the Hühnerposten area near Hamburg’s main rail station. The planned building ensemble is to have two segments with a total of 448 rooms in which Accor intends to open hotels belonging to both its ibis and ibis budget brands. The building permits have been issued, so construction can begin soon. Completion is scheduled for 2014. The complex is being financed by Deutsche Hypothekenbank; Württembergische Lebensversicherung is the final investor. The investment volume is between €30 and 40mn.

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