Commerz Real acquires Dorint hotel An der Messe in Cologne for special fund

Commerz Real acquires Dorint hotel An der Messe in Cologne for special fund

Published at: 2018-10-09 10:11 | Author: CIJ Europe
Commerz Real Kapitalverwaltungsgesellschaft has purchased the Dorint hotel An der Messe in Cologne for its “Commerz Real Institutional Hotel Fund”. The seller is Messehotel Köln GmbH & Co. KG. The purchase price was not disclosed. The six-storey four-star hotel was completed in 2001 and encompasses nearly 20,000 sqm of leased space as well as 131 underground car parking spaces, with 313 rooms, a restaurant, a bar, a wellness area, and conference areas. A double-net lease agreement for 25 years has been concluded with Dorint Hotel An der Messe Köln GmbH. This means that Dorint is responsible for the operational equipment and the maintenance of furniture and micro-technology, while the hotel fund as the owner is responsible for the maintenance of the large-scale technology and of the roof and framework.

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