CPA:18 - Global to fund new Hamburg hotel

W. P. Carey Inc.--a global net lease REIT specializing in corporate sale-leaseback, build-to-suit construction financing and the acquisition of single-tenant net lease properties--announced that CPA:18 – Global has entered into an agreement to fund the development of a new hotel in Hamburg, Germany. 

CPA:18 – Global will provide approximately $29 million for the construction of the property, which will be leased to the German affiliate of Melia Hotels International, S. A. for a period of 25 years upon completion. This transaction follows CPA:18 – Global's recently announced construction, funding and acquisition of an $85 million hotel in Munich, Germany.

The hotel is currently poised to open in summer 2017, and will be operated under the INNSIDE by Melia flag. The INNSIDE by Melia hotel in Hamburg will have approximately 207 rooms.

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Hotel Optimization Part 3 | January 27, 2021

With 2020 behind us and widespread vaccine distribution on the horizon, the second half of the new year is looking up, but for Q1 (and most likely well into Q2) we’re very much still in the thick of what has undeniably been the lowest point of the pandemic. What can you be doing now to power through and set yourself up for a prosperous 2021 and beyond? Join us at Part 3 of Hotel Optimization – A Virtual Event on January 27 from 10am – 1:05pm ET for expert panels focused on getting you back to profitability.


Hamburg is Germany's second largest city, with a long history of commercial and cultural vibrancy. The city is one of Europe's top destinations and attracts a strong mix of leisure and business visitors. Hotel room supply in Hamburg has grown at a cumulative average growth rate of 3.2% since 2010, while demand has increased 5.8% during the same period.