Deutsche Finance International Acquires Lützowufer 15 Hotel In Berlin For €116M
Lützowufer 15, 10785 Berlin, Germany
$116,000,000
$336/SF
Building Size
344,445 SF
Asset Type
Hotel
Closing
Sep 2, 2022
About this deal
AI
The Hotel located at Lützowufer 15, 10785 Berlin, Germany has been sold in a closed transaction. The transaction, which took place on 09/03/2022, involved a total purchase price of €116,000,000. The Hotel spans across 344,445 square feet, resulting in a purchase price per square foot of €337. The vendor, Archer Hotel Capital, represented by Dominic Seyrling and Event Hotels, sold the property to Deutsche Finance International, represented by Daniel Filser and CELLS Group's Dirk Rupper.
Summary of transation details
- Property Type: Hotel
- Transaction Amount: €116,000,000
- Address: Lützowufer 15, 10785 Berlin, Germany
- Square Footage: 344,445
- Price Per Square Foot: €337
- Vendor: Archer Hotel Capital - Dominic Seyrling & Event Hotels
- Purchaser: Deutsche Finance International - Daniel Filser & CELLS Group - Dirk Rupper
Daniel Filser and Dirk Rupper from Deutsche Finance International and CELLS Group, respectively, arranged the purchase of the Hotel from Archer Hotel Capital. This acquisition marks a notable transaction in the German hotel market.
Players
Berlin Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93