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17.05.2019

GSK Stockmann advises Real I.S. on acquiring the Göttingen Holiday Inn

GSK Stockmann advised Real I.S. on the acquisition of the Holiday Inn Express hotel located Carl-Zeiss-Strasse 1 in Göttingen for the special AIF “Real I.S Themenfonds Deutschland.” The seller of the property is an SPV of the Hannover bauwo Grundstücksgesellschaft. The parties agreed not to disclose the purchase price.

The 144-room hotel is going to be operated by Success Hotel Management GmbH as a hotel of the “Holiday Inn Express” brand. Completion is scheduled for early 2020.

GSK Stockmann comprehensively advised Real I.S. on the transaction in terms of real estate, tax and investment law as well as financing.

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

Advisers of Real I.S.:
GSK Stockmann: Dr. Bernhard Laas (real estate law, lead), Dirk Koch, Dr. Petra Eckl (both tax law), Sascha Zentis (investment law), Dominik Berka (tax law); Associates: Dr. Philipp Dawirs, Franziska Resch (both real estate law), Dr. Christian Kullick (public law).