Deka Immobilien sells Novotel Freiburg am Konzerthaus to IREMIS

Reuters2026/09/07 11:23

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Deka Immobilien sold the Novotel Freiburg am Konzerthaus from its WestInvest InterSelect fund to hotel investor IREMIS.
Price was not disclosed; it matched the most recent book value.
Deal avoids major renovation spending as the tenant is set to vacate on Dec. 31, 2026.
Transaction cuts refurbishment risk, limits potential vacancy, supports a shift toward modern core assets with higher ESG standards.
1994-built hotel has 219 rooms and 11,103 sq m of lettable area near Freiburg’s main station.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Deka Immobilien Investment GmbH published the original content used to generate this news brief on September 07, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Deka Immobilien sells Novotel Freiburg am Konzerthaus to IREMIS

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