HVS Hodges Ward Elliott arranges sale of Dutch Kurhaus Hotel

HVS Hodges Ward Elliott, in cooperation with the owner and Hatfield Philips International, arranged the sale of the 253-room Kurhaus Hotel in The Hague to the Amrath Hotels Group for $38.5 million.

The historic Kurhaus served as collateral for the ʻKurhaus Loan,ʼ which was securitized in Titan Europe 2006-3. The selling price represents a premium of over 35 percent to the last reported market value to noteholders.

The hotel was previously operated under a management agreement by Steigenberger Hotels, which was terminated as part of the sale. The property has now been rebranded as the Grand Hotel Amrath Kurhaus and is set to undergo a substantial investment program .

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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.

The Amrath Hotels Group is a private hotel owner and operator with 16 hotels in the Netherlands including the Grand Hotel Amrath in Amsterdam and the Amrath Grand Hotel de lʼEmpereur in Maastricht.