Global law firm Dentons advised MEININGER Holding GmbH on the development and long-term lease of a hotel in Munich with 173 rooms and a gross floor area of 12.000 m², including underground parking.
The project is based on a Partnership Agreement concluded by MEININGER and Fonciére des Murs in 2014 with the goal of financing the expansion of MEININGER and of implementing common investments in European Gateway cities.
The Munich hotel, located on Landshuter Allee and close to the Olympic Park, is the first joint hotel project in the framework of this partnership. Fonciére des Murs will invest a total of approximately €29,5 mln to acquire the building from alstria office REIT-AG and to develop the existing building for hotel use.
The new hotel—the second MEININGER Hotel in Munich—is scheduled to open in 2017.