April 2014 I DERECO acquires new hotel construction in Dusseldorf for private placement
Cologne-based DERECO has added a new purchase to its current private placement for an
associated family office from the Netherlands, a three-star Holiday Inn Express Hotel. The property
is located in central Dusseldorf, in the Pempelfort neighbourhood.
The hotel was sold by a project company belonging to INVESTA Immobiliengruppe from Munich.
The multi-wing construction is scheduled for completion by summer 2015. It is being built on a
plot in “Am Wehrhahn” approximately 2,000 sqm in size. The modern six-storey business hotel
property, part of the InterContinental Hotel Group, will be operated by Berlin-based Foremost,
which will lease the entire project over 20 years. Gross floor space will amount to approx. 5,600
sqm, plus the parking lot. In total, the hotel will consist of 164 rooms (approx. 33 sqm each).