The purchase price was not disclosed. However, we already know that it was the largest deal in the hotel market Frankfurt in 2015.
JLL acted as Advisor Kildare European Partners in the transaction for the sale of Le Méridien Parkhotel Frankfurt for 297 rooms German real estate investor Invest Real Estate Art.
The prestigious Le Méridien Parkhotel Frankfurt, which opened in 1905 and extended in 1970, now has 297 rooms of different categories, a restaurant, bar, conference facilities, fitness, Spa area and Parking. The facility is located in immediate proximity from the main train station of Frankfurt and the river main; easy access to business and exhibition centers of the city and the airport. Continue reading
The legendary building, in the shape of a sailing ship, for a long time had the title of highest hotel in the world and one of the most photographed structures. Now, however, the Burj Al Arab is still kind of a highlight of Dubai and its symbol, and the rich and famous people from around the world come to visit this stunning hotel. Thus any tourist can take a tour to Burj Al Arab, but access to all amenities and facilities receive only guests here — only they will be able to fully understand how unique it may be just an ordinary vacation.
All in the Burj Al Arab hotel features traditional luxury of the East, and related services are intended for comfortable rest of wealthy and successful people. For example, on site guests can rent luxury cars, including a real rolls Royce with a personal driver. Only Burj Al Arab has 202 duplex suites, pertaining exclusively to the category “Suite”, and completely relevant to the title — for example, check-in and check directly in the room, and each floor has a private reception and knowledgeable, attentive service. Continue reading
Luxury hotels and resorts under Sunny skies. Designer furniture, expensive restaurants and rich tourists, splashing in the ocean. But all that can change very quickly, becoming a decaying squalor.
War, weather, financial crises and man-made disasters killed many tourist palaces. Here are some of the most famous hotels empty.
Sheraton Rarotonga, cook Islands
It’s an empty building located on the coastal line of the island of Rarotonga, is still shown on Google Maps though she never had visitors.
200 rooms with tiled floors, Jacuzzi, air-conditioning, carpets and luxury furnishings, never opened its doors. Wealth pilfered long ago and the building now hiding the homeless and a local gang. Continue reading