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GSK Stockmann advised IMAXXAM Asset Management GmbH on the acquisition of the B&B Hotel Frankfurt West. IMAXXAM is acquiring the property for its real estate special AIF under the umbrella of Union Investment.
The five-storey property was built in 2012 and has a lettable area of around 2,750 sqm, all of which is let to B&B Hotels until 2042. The plot is approximately 3,700 sqm in size and has 52 outdoor parking spaces. The location in Frankfurt-Sossenheim is ideal for a hotel, as it is well connected to local and regional transport, the A66 motorway and Frankfurt Airport. The property is in good condition and is on the EU’s CRREM (Carbon Risk Real Estate Monitor) path until 2041. The seller of the hotel is the Frankfurt-based a.a.a. aktiengesellschaft allgemeine anlagenverwaltung.
A GSK Stockmann team led by Munich real estate partner Stefan J. Schlapka advised IMAXXAM on the legal, tax and investment law due diligence for the acquisition. The technical due diligence was carried out by W+S Real Estate Services GmbH.
Advisers of IMAXXAM Asset Management GmbH:
GSK Stockmann: Stefan J. Schlapka (lead), Dirk Koch, Dennis Stenzel, Maximiliane Bartsch, Sebastian Gerhards, Franziska Pompejus, Esther Seibt-Pfitzner, Stephan Wachsmuth
