#Hospitality

KUCERA advised Deutsche Hospitality on the management agreement for the IntercityHotel Riyadh Malaz in Riyadh, Saudi Arabia. It belongs to the latest interior design generation of the IntercityHotels and has 82 rooms and four suites as well as a rooftop swimming pool. Located in the Al Malaz business district, the hotel aims to appeal to […]

KUCERA advised Deutsche Hospitality on the launch of the special fund for European hotel real estate. In cooperation with Commerz Real, a purchase volume of 250 million euros is planned for the Commerz Real European Hotel Fund. Investments will be made in up to eight three- to five-star hotels of the brands Steigenberger Hotels and […]

KUCERA advised Gevi Leverkusen Projekt I on the conclusion of a long-term lease agreement for a Holiday Inn Express hotel. The hotel will be built in the third quarter of 2019 at Leverkusen “Mitte” station. The hotel will have 189 rooms and a gross floor area of 8,600 m². Read more… KUCERA partner Matthias Frank […]

KUCERA advised IntercityHotel GmbH on the conclusion of a lease agreement for a new hotel. On the south side of Frankfurt’s main railway station, the 414-room hotel is the largest of the hotel brand, replacing the IntercityHotel at Berlin’s main railway station as the flagship. Read more… KUCERA partner Matthias Frank (Hospitality) was responsible together […]

KUCERA advised Deutsche Hospitality on the conclusion of the franchise agreement for the Hotel Steigenberger Pure Lifestyle in Hurghada. The hotel is operated by the developer Aldau Development. It is part of the Mega Steigenberger Aldau Resort. The 5-star boutique hotel has 132 suites of at least 55 m², divided into Jacuzzi, swim-up and penthouse […]

KUCERA has advised the hotel chain B&B on the takeover of the management of nine hotels of the Covivio Group. The hotels are located in Berlin Dreilingen, Düsseldorf-City, Düsseldorf-Ratingen, Offenbach, Hanover, Kassel, Cologne-West, Schweinfurt and Munich-Putzbrunn. The houses are to be modernized and opened again. Read more… The consulting KUCERA partner was Matthias Frank (Hospitality). www.kucera.biz

KUCERA continues attending Europe’s largest and most influential conference for the hotel investment community. Meet us at IHIF! 06-08 March 2017. www.kucera.biz

Seller of the hotel is a Luxembourg real estate fund managed by an international asset manager. By this acquisition the buyer, an international insurance company, strengthens its hotel portfolio. The hotel is operated by a German family owned hotel brand. KUCERA’s team expertise covered legal and tax issues of the transaction.