JPI Hospitality Investors Club has acquired the Hotel Rotterdam City. PKF hospitality group acted as advisor to JPI Hospitality in the transaction.
Financial details were not disclosed.
The hotel is located at Schiekade 658 in the up-and-coming Oude Noorden, in the middle of the two canals Spoorsingel and Provenierssingel and about 800m from the central train station.
Daniel Jelitzka, founder of JP Immobilien Group and chairman of the advisory board of JPI Hospitality said: 'We are committed to investing in high-quality, functional hotels with development potential in attractive locations, which we are transforming into top destinations with a clear idea and contemporary branding.
'Rotterdam offers the best opportunities here. The city is regarded as an up-and-coming market and is already seen as the 'coming Amsterdam'. However, there is still a need to catch up in the hospitality sector. With our hip hotel, we will be able to fill precisely this gap.'
The building was built in 1940 and renovated in 2008 and currently comprises of 115 rooms, a brasserie, a lobby lounge and a breakfast area with a total GFA of 5,600 m2.
Christian Walter, global CEO of PKF hospitality group said: 'We see great potential in Rotterdam's hospitality sector - especially in the lifestyle and serviced living segment. For a long time, the city was overshadowed by Amsterdam.
'But for years, a healthy emancipation has been observed, accelerated by the hotel development moratorium in the Dutch capital. Many developers, operators and investors are now looking for alternatives - and finding them.
'We see a particularly promising development area in the Oude Noorden district. There is still plenty of room for an exciting, hip lifestyle hotel concept in this up-and-coming neighbourhood.'
'Here, as in other locations before, we will use a clear concept to redesign an existing structure in line with the times and use it as a basis for the development of a new hotel in a contemporary way and develop it into a hip lifestyle hotel,' said Lukas Euler-Rolle, Managing Partner and CEO of JPI Hospitality.
