HVS HODGES WARD ELLIOTT ADVISES ON THE SALE OF THE NH GRAND HOTEL KRASNAPOLSKY, AMSTERDAM

HVS Hodges Ward Elliott is pleased to announce that, acting on behalf of NH Hoteles SA, it has successfully arranged the sale of the 468 room NH Grand Hotel Krasnapolsky, in the center of Amsterdam, for €157 million, to AXA Real Estate on behalf of an Asian and a European client. NH will remain as the hotel’s operator, and NH and AXA will undertake an extensive €38 million refurbishment and repositioning programme which will commence in 2014 and be completed by 2017.

Back