German H-Hotels to Lease Dual Hotel Property at Dusseldorf Airport
Main Photo: The H4-hotel Moenchengladbach at Borussia Park Football stadium
Date: March 2019
Location: Dusseldorf Airport, Germany
Name: H2 and H4 – opening 2024
No. of Keys: H2 – 237; H4 – 264
Seller: TBA
Buyer: Joint venture partners Reggeborgh, Delta Project Development, and Kondor Wessels will develop the property.
H-Hotels, which operates 67 properties, across Germany, Austria and Switzerland, has signed a contact to manage for the dual-brand hotels.
H-Hotels Group is embarking upon the next stage of its dual brand concept by announcing two new hotels at Düsseldorf airport. The hotels will be constructed on Wanheimer Straße, in the immediate vicinity of Düsseldorf airport, and will be of particular interest to business travellers as a conference and congress venue.
The building complex will occupy grounds of around 15,000 square metres, located to the north of the state capital of North Rhine-Westphalia.
It will host an H2 Hotel featuring 237 rooms as well as an H4 Hotel offering 264 rooms. A conference centre with an area of around 1,000 square metres will be available to guests of both hotels.
This will also be the case for the planned fitness centre and ‘sky bar’ on the eighth floor. Around 18,000 square metres of office facilities will occupy the area that is parallel to the hotels. An underground car park with 700 parking spaces will complete the facilities.
Thanks to its location in the immediate vicinity of the airport, the terminals can be reached using the SkyTrain in just a few minutes. The ICE long-distance train station is five minutes away, which means that both the city centre of Düsseldorf as well as the exhibition complex can also be reached quickly using public transport.
“Our dual brand concept with its impressive conference facilities is the perfect response to this exclusive location, right next to one of the largest airports in the country,” said Alexander Fitz, CEO of H-Hotels AG. “This means that travellers can choose between completely different accommodation options depending on their preferences.”
The real estate partners for the project are Nördliche Spitze GmbH & Co. KG, a joint venture between Reggeborgh, Delta Project Development, and Kondor Wessels. Managing Directors Johannes G.S. Hegeman and Lars Stillmann are delighted by the joint project: “In the H-Hotels Group we have found a very experienced hotel operator, whose concept corresponded perfectly with the project and its environment. Future office users will be able to take advantage of all of the hotel’s services within the building.”
Reggeborgh is a family-led investment company from the Netherlands and has also been active as a property business in Germany for more than 25 years. The company is responsible for the fund and asset management of several property funds in Germany and the Netherlands, with which Reggeborgh is also significantly involved. Another of the company’s fields of activity is the development and management of projects for high-quality residential and commercial property projects. In this respect, Reggeborgh stands for the sustainable and innovative development of ambitious property projects, as well as their implementation.
“The fundamental idea behind their property developments is the C2C concept.”
With more than 120 completed projects, primarily within Germany and the Netherlands, the Delta Group is active as a property development company. The fundamental idea behind their property developments is the C2C concept.
The intelligent use of all kinds of resources – as well as the possible reutilisation of these resources – is one of the challenges facing the property sector of today and the future. The value of the group’s current portfolio, with a focus on residential and commercial properties, is in excess of €500 million.
Kondor Wessels boasts more than 25 years of experience in the development, planning and construction of residential properties, care homes, and office properties as well as mixed residential districts. With all of its projects, the company takes responsibility for the entire construction process as a partner, as well as delivering added value – all from a single source.
Currently, more than 38 property projects with a total value of more than 700 million euros are being supervised by Kondor Wessels in Berlin, Frankfurt and North Rhine-Westphalia.
The project was supervised by Horwath HTL Germany – hcb hospitality competence berlin GmbH, operating as a consultant. The tenants were assisted by GVW Graf von Westphalen lawyers, and the lessors were assisted by lawyers from Bornheim and Partners.
Price: Undisclosed
THPT Comment: Interesting the parties that are involved with this project….H-Hotels are growing well with nearly 70 hotels in Europe.
First Seen: Hotel Designs
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