Deka Immobilien Acquires the W Amsterdam

Date: October 2017

Location: Amsterdam, overlooking Dam Square, The Netherlands

Name: W Amsterdam, five star

No. of keys: 238

Seller: Fentonir Trading & Investments, based in Cyprus

Buyer: Deka Immobilien, German based Fund Manager

Price: €260m

Price per key: €1,092,437

THPT Comment: Seller and Buyer are serious players, albeit not “well-known” names. Fentonir is the owner of a portfolio consisting of 55 hotels with approx. 6,500 hotel rooms,  mainly throughout Germany, Amsterdam and Antwerp. Hotels accounted for 8% or €2.7 bn of Deka Immobilien’s €33.3 bn of assets under management at end-2016. Whilst lovely inside, the W is somewhat of an eye-sore from the exterior compared to the beauty of Dam Square architecture!

First seen: