Transforming a tax office into a luxury hotel
Frasers Hospitality hopes its new flagship property in Hamburg will attract more tourists, including from Asia
Hamburg
Housed in a major heritage building, Frasers Hospitality's new hotel in Hamburg is seen as one of the group's flagship properties, coming onstream as the German city positions itself to receive more visitors.
The iconic building - which dates back to 1907 - was the former office of Hamburg's tax authorities until 2011 and was repurposed following its acquisition by Frasers Hospitality in 2015.
The total cost of i…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
DBS puts 46 retail units, HDB shops on market for S$210 million
US mortgage rates jump above 7% for the first time this year
Far East Shopping Centre back on market at unchanged S$928 million asking price
London mansions sold at 30% discount spell gloom for luxury market
Delfi Orchard up for collective sale at S$438 million guide price
US existing home sales drop in March; median price increases