Kiel: Art-Invest buys hotel project from Ten Brinke


Art-Invest Real Estate has acquired the hotel project planned on the Alte Bootshafen in Kiel from Ten Brinke. The deal includes a long-term lease with Success Hotel Group. After completion in 2020, the building will have 238 rooms in total. Of these, 148 rooms will be in an Ibis Styles, and 90 in an Adagio Access. There will also be a restaurant, a lobby bar, and 26 underground parking spaces. The property is to become part of the portfolio of the “Core Budget Hotel-Fonds”. Ten Brinke had taken over the project from Deutsche Immobilien Entwicklungs GmbH in the spring. The buyer was advised by Kolaschnik Partner Rechtsanwälte PartGmbB, Vitzthum Projektmanagement, and Christie & Co. The seller received support from BNP Paribas Real Estate.

TD Premium

Subscribers to our premium service have access to this article in full as well as to an additional 510,000+ news items: all filterable by topic, company, asset class, city or keyword. In TD Premium you can search for investment deals, leases, current project developments and company news with pinpoint accuracy.

TD Premium is Germany’s leading property information tool that interconnects news, transactions, project data, market and company information in a unique and flexible system.