CBRE ADVISES ON LETTING OF FORMER COLUMBIA HOTEL RÜSSELSHEIM, GERMANY
CBRE Hotels has exclusively advised Dr. Peters Group, one of Germany’s largest initiators of real estate funds, on the letting of the former Columbia Hotel Rüsselsheim to Novum West Hotels GmbH. After a comprehensive refurbishment, the hotel will be re-opened in February 2017, branded NOVUM Select Hotels. The Columbia Rüsselsheim will be the 99th hotel of the NOVUM Hotel Group and the tenth hotel branded NOVUM Select Hotels in Europe.
The 4-star hotel is located in Rüsselsheim, south-west of Frankfurt am Main, in Germany. It currently offers 141 rooms, 10 suites, restaurant and conference areas as well as a spa area including a swimming pool. Issued by the Dr. Peters Group, the DS-Rendite-Fonds Nr. 23 is evolving as forecasted and thus provides Novum with long-term planning security based on the 20-year lease.
We are glad to have found a professional new tenant together with Dr. Peters on behalf of the investment company, who will operate the hotel under a new concept. The great interest during the operator selection process confirms the continuously high demand of hotel operators for strong secondary locations.
“This hotel, which has been operated by the Columbia Group for many years, is an excellent addition to our portfolio NOVUM Select Hotels in the economically strong Rhine-Main region”, said David Etmenan, Managing Partner of NOVUM Group. The NOVUM Hotel Group portfolio in the Rhine-Main region now encompasses six hotels.