plus

Frankfurt: Jumeirah Hotel changes ownership

1 min reading time

Published on 03/12/14 - Updated on 17/03/22

Chambre de l'hôtel Jumeirah de Francfort

Deutsche Asset & Wealth Management bought the site where the hotel Jumeirah Frankfurt is located for around 800 M€, of which 10% were invested by ECE.

Deutsche Asset & Wealth Management (Deutsche AWM) announced the purchase of the PalaisQuartier site in Frankfurt, including the Jumeirah Frankfurt. The amount of the transaction is for 800 million euros, of which 10% were financed by ECE.

The PalaisQuartier site is a complex of five separate buildings including the office tower Nextower, the Jumeirah Frankfurt Hotel, the Thurn und Taxis Palace, the shopping mall MyZeil, which will be managed by ECE, and a parking garage with 1,400 places. It also includes a vacant lot that was sold to the group Strabag Real Estate for development. In a 99 meter high tower, the five-star hotel Jumeirah Frankfurt has 218 rooms occupying 22,000 square meters on 25 floors. it also has a restaurant, a chocolate maker, a bar, four conference rooms, a reception room and a wellness area.

Jumeirah Hotels & Resorts

Jumeirah Hotels & Resorts

Hotel Group

  • Jumeirah Hotels & Resorts United Arab Emirates
SEE THE NOTE
For further

Every week, the HON team brings you an expert look at the world of hospitality. By becoming a member, you will have access to a complete ecosystem: exclusive content, jobs, etc.

BECOME A MEMBER

Sign up to add topics in favorite. Sign up to add categories in favorite. Sign up to add content in favorite. Register for free to vote for the application.

Already signed up? Already signed up? Already signed up? Already registered?