ROOM MATE HOTEL ROTTERDAM ACQUIRED BY BNP PARIBAS REIM

BNP Paribas REIM Germany, on behalf of an institutional investor’s special real estate fund, has acquired the new 217-room Room Mate Bruno hotel in Rotterdam, for a reported price of €51 million (€235,000 per room). The property is located in Rotterdam’s modern Kop van Zuid high-rise district which is situated on the south side of the Nieuwe Mass river. Opening in summer 2018, the hotel is being developed by Amsterdam-based VolkerWessels and will be operated by Spanish chain Room Mate Hotels.

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