Germany's Commerz Real invests in new Frankfurt hotel

Hotel am Hauptbahnhof München Außenansicht

In Germany, Düsseldorf-based Commerz Real has acquired a future hotel complex in Frankfurt-am-Main from local project development company Gold.Stein real estate. When complete, the 190-room hotel will be operated under the Novum brand. 

A lease agreement over 20 years has been signed with the Novum Hotel Group, including two additional five-year extension options for the operator. (Beyond that, the contract details will reportedly remain undisclosed.) 

After construction (Adolf Lupp GmbH + Co KG is general contractor), Commerz Real is planning to integrate the property into the public real estate fund HausInvest. The company organized the acquisition as an asset deal in the form of a forward funding.     

Virtual Event

HOTEL OPTIMIZATION PART 2 | Now Available On-Demand

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.

The Hamburg-based Novum Hotel Group operates 84 properties (including the Hotel am Hauptbahnhof München Außenansicht, pictured above) with more than 8,000 rooms throughout Europe. The quickly growing family-owned company’s revenue €100 million in 2015 and is projected to grow to €120 million by the end of 2016.

Suggested Articles

New research suggests 64 percent of hospitality professionals believe the risk of a data breach increases when employees work off site.

Three hotels that previously were branded under the Cotelier Hotels brand will be converted to the Life House brand. 

After two weeks of occupancy surpassing the halfway point, the numbers dropped for the week of Oct. 18–24.