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GSK Stockmann advises Real I.S. on a hotel project acquisition in Hannover

GSK Stockmann advised Real I.S. on the special AIF “Themenfonds Deutschland II” in the context of their acquisition of a hotel project at Andreas-Hermes-Platz in Hannover. The seller is an SPV of the Hannover bauwo Grundstücksgesellschaft. The parties agreed to keep the purchase price confidential.

The hotel is going to comprise 220 rooms on 15 floors, a total of 6,200 m². Once the project is completed by the end of 2019/beginning of 2020, Steigenberger group is going to run the hotel as an “IntercityHotel.”

GSK Stockmann offered Real I.S. comprehensive real estate and tax law advice on purchasing the hotel project as well as investment law consulting in the context of the transaction.

Real I.S. has relied on GSK Stockmann several times already when acquiring hotel projects, such as most recently the “Ruby” (Hamburg), the “me and all” (Düsseldorf) and the “aloft” (Milaneo mall Stuttgart).

Adviser of Real I.S.:

GSK Stockmann: Dr. Bernhard Laas (real estate law, lead), Dirk Koch (tax law), Sascha Zentis (investment law); Associates: Dr. Christian Kullick (public law), Dr. Philipp Dawirs, Franziska Resch (both real estate law).