Hamburg’s Hotel Atlantic Kempinski has been bought by private healthcare company Asklepios from Octavian Hotel Holding.
Hamburg’s Hotel Atlantic Kempinski has been bought by private healthcare company Asklepios from Octavian Hotel Holding.
The sale price was not disclosed but reported by the Hamburger Morgenpost to be in the low tens of millions. Market analysts have valued the property at between €60 mln and €80 mln.
In 2009 Kempinski invested €25 mln in upgrading the landmark 215-bed hotel, which featured in the Bond film Tomorrow Never Dies, after it was taken off the Leading Hotels Of The World list.
A spokesman for Asklepios told Hamburger Morgenpost: ‘The fact is, we often have international patients who bring their families with them. And their relatives need to be accommodated somewhere.’
Asklepios also runs a five-star hotel at its clinic in Bad Griesbach, Bavaria, while its founder, Dr Bernard Broermann, owns the five-star hotels Villa Rothschild Kempinski and Falkenstein Grand Kempinski in Frankfurt.
