BNP Paribas REIM has acquired the recently completed Room Mate Bruno hotel in Rotterdam. The property has a gross floor area of just under 17,700 m² and compromises 217 rooms. A unique feature of the hotel is an integrated indoor market that independently attracts tourists to the location. The hotel is run by the international hotel chain Room Mate Hotels. The opening is planned for summer 2018.
The hotel enjoys a central location in Rotterdam in the up-and-coming Kop van Zuid submarket. The location features direct access to public transport and has gained a reputation as a hotel destination over the past few years thanks to several new-build developments. Rotterdam has an aspiring hotel market with tourism numbers and accommodation rates rising and relatively few new-build hotel developments currently in the pipeline. This transaction continues a series of hotel purchases that BNP Paribas REIM has made in recent years.
The property was purchased by BNP Paribas REIM Germany for an institutional investor’s special real estate fund. The parties involved have agreed not to disclose the purchase price. The property was developed and realized by VolkerWessels.
