Württembergische Lebensversicherung AG ("WLV") has purchased a hotel project still to be constructed in the Mainzer Zollhafen by the seller from Mainz Zollhafen Hotel GmbH & Co. KG, which belongs to the UBM Group, by way of a "forward deal". The purchase price for this hotel project is around EUR 24 million. GvW Graf von Westphalen, with the Munich partner Dr. Christian Zerr (Hospitality & Real Estate) and Shari Roßkamp (Real Estate, Frankfurt) advised WLV in this transaction.
A hotel under the brand Super 8, which belongs to the Wyndham Group, is planned for the Mainzer Zollhafen and will be operated by Grünwalder GS Star GmbH. The Super 8 hotel includes 216 rooms. The development project is expected to be completed in the second quarter of this year.
Württembergische Lebensversicherungs AG, headquartered in Stuttgart, is one of the largest life insurance companies in Germany. The Swabian group has been one of the clients of Dr. Christian Zerr for many years who he has serviced in numerous hotel Transactions.