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Clifford Chance advises Europa Capital on the sale of the Innside Hotel in Dusseldorf

27 Feb 2017

Clifford Chance has advised Europa Capital LLP on the sale of the Innside Hotel in Dusseldorf to Quadoro.

Europa Capital LLP sold the property for a total amount of EUR 14.4 million, earning it a 6.25% return on investment. Quadoro is acquiring the property for the open-ended real estate fund Vescore Sustainable Real Estate Europe.

The 4-star hotel has 126 rooms across six floors and has been let to the Innside hotel chain until 2026. It has the highest booking rates in the highly competitive Seestern area of Dusseldorf. The property was acquired from Europa Capital in 2013 along with the adjacent Cubus office complex and is fully let. Clifford Chance was also advisor to Europa Capital on the acquisition of the property.

The Clifford Chance was led by partner Cornelia Thaler and comprised counsel Dr. Kristina Jaeger, associate Manuel Lomb (all Frankfurt) and senior transaction lawyer Katrin Rötering (Dusseldorf, all Real Estate).

Matter Type
Asset Sale: Seller's Counsel
Industry
Fund/Investment Management
News Category
M&A