The company plans to reopen the three-star conference hotel, which is currently closed, in Q3 2019 and reposition it under a new brand following a refurbishment and renovation phase. The hotel property has property reserves for the development of additional premium office and commercial space.
Darmstadt is enjoying robust economic growth and offers excellent infrastructure in the Rhine-Main region. The hotel market is also very promising and is shaped by a high volume of business travellers. During trade show periods it benefits tremendously due to overflow from the Messe Frankfurt convention centre.
About the hotel property
The three-star conference hotel in Darmstadt opened in 1988 and underwent an extensive renovation in 2009. It was operated as one of six German conference hotels by the Telekom subsidiary Commundo until July 2018 before being closed at the end of July 2018. The property is located in the Telekom district, the largest office location in the region. In 2018, the “science city” of Darmstadt was named the number one city of the future in Germany for the fourth time in a row by Wirtschaftswoche magazine. The hotel offers optimal connections to the motorway and public transportation, including a direct bus connection to the main train station, the city centre, the city’s universities, and Frankfurt Airport. It is about 30 minutes from Frankfurt International Airport by bus and 15 minutes by taxi and 25 minutes from Frankfurt central station by train.
The conference hotel currently has a net floor space of 16,801 square metres, 324 rooms, and 26 conference rooms as well as 820 square metres of office space and 217 parking spaces. Warimpex plans to quickly reposition the hotel with a focus on affordable conferences and lifestyle offerings in a first phase, including the integration of coworking in the existing office space. At the same time, the company will begin leveraging the development potential for additional buildings.