Home » Real estate services » International advisory » Contact » MVGM International Advisory advised BNP Paribas REIM by acquiring Room Mate Hotel in Rotterdam
BNP Paribas REIM has become the first owner of a hotel recently completed in Rotterdam that will be opening its doors in summer 2018 under the name Room Mate Bruno. The property has a gross floor area of just under 17,700 square meters with 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, founded and chaired by Kike Sarasola.
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.
The property was purchased by BNP Paribas REIM Germany for an institutional investor’s special real estate fund. The property was developed and realized by Van Agtmaal, a VolkerWessels company. BNP Paribas REIM has been advised by MVGM International Advisory and Baker McKenzie. The seller has been advised by Lexence Advocaten en Notarissen.
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