Commerz Real acquires two Intercity hotels in the Netherlands for special fund

Commerz Real has acquired two Intercity hotels that are to be newly constructed in the Netherlands — a 115-room hotel in Leiden and one with 174 rooms in Breda — through its Luxembourg-based company CR Fund Management.

Following completion in 2023, the two hotels will be part of the Commerz Real European Hotel Fund and operated by STAG Hotels Netherlands, a subsidiary of Steigenberger Hotels AG. The Dutch project developer Synchroon BV was the seller of the property in Leiden; in Breda it was the seller together with the Dutch construction company JP van Eesteren.

“Steigenberger Hotels AG is an established professional hotel operator that has been on the market since 1930 with a brand portfolio covering all the hotel categories from the two-star to five-star segment,” said Dirk Schuldes, global head of hospitality at Commerz Real. “The concept of the Intercity hotel brand, which is in the three-star segment, has been a success for more than 30 years now and i