CBRE advises on letting of former Columbia Ruesselsheim

London 22 September 2016 – CBRE Hotels has exclusively advised Dr. Peters Group, one of Germany’s largest initiators of real estate funds, on the letting of the former Columbia Hotel Rüsselsheim to Novum West Hotels GmbH. After a comprehensive refurbishment, the hotel will be re-opened in February 2017, branded NOVUM Select Hotels. The Columbia Rüsselsheim will be the 99th hotel of the NOVUM Hotel Group and the tenth hotel branded NOVUM Select Hotels in Europe.
 
The 4-star hotel is located in Rüsselsheim, south-west of Frankfurt am Main, in Germany. It currently offers 141 rooms, 10 suites, restaurant and conference areas as well as a spa area including a swimming pool. Issued by the Dr. Peters Group, the DS-Rendite-Fonds Nr. 23 is evolving as forecasted and thus provides Novum with long-term planning security based on the 20-year lease. 
 
Armin Bruckmeier, Head of Corporate Hotels Brokerage Germany & CEE, CBRE, said: “We are glad to have found a professional new tenant together with Dr. Peters on behalf of the investment company, who will operate the hotel under a new concept. The great interest during the operator selection process confirms the continuously high demand of hotel operators for strong secondary locations.”
 
“This hotel, which has been operated by the Columbia Group for many years, is an excellent addition to our portfolio NOVUM Select Hotels in the economically strong Rhine-Main region”, said David Etmenan, Managing Partner of NOVUM Group. The NOVUM Hotel Group portfolio in the Rhine-Main region now encompasses six hotels.
 
About CBRE
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.