Hypo Real Estate Bank AG finances acquisition of Blue Heaven hotel in Frankfurt (DE/DK)

Hypo Real Estate Bank AG, Munich, is financing the acquisition of the 4*+ hotel "Blue Heaven" in Frankfurt/Main by Keops Investor Partners A/S, Copenhagen. Keops Group bought the building from Hochtief Projektentwicklungs GmbH on behalf of nine Danish private investors for €130 million. Hypo Real Estate Bank is funding this acquisition with a total of €77 million. The transaction closed on December 29th 2005.

The hotel is the subject to a long-term lease with Radisson SAS. It received the distinction "best hotel opened in the year" in the 2005 Worldwide Hospitality Awards. The architect of the striking building in the shape of an upright disk is John Seifert, London. Interior designers Matteo Thun, Milan, and D. Tihany, New York/Rome created the interior. On a total of 19 floors, the Blue Heaven has 440 rooms, some 230 underground parking spaces, conference areas of approx. 2,200 m² and a generously appointed Health Club.

"This is one of the first transactions of the Danish Keops Group in the German market," says Reinhold Güntner, Member of the Management Board of Hypo Real Estate Bank AG and responsible for sales. "Our financing is an example of the excellent cooperation within Hypo Real Estate Group. International customers receive cross-border support from our group and can always rely on the local expertise and market know-how of their banking partner", Güntner adds.

Source: Hypo Real Estate Bank

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