News

Building permit for “niu” Hotel in Esslingen

AVONIA Real Estate GmbH of Leinfelden-Echterdingen and MERKUR Development Holding GmbH of Rüsselsheim have together been granted a permit to build a hotel under the NOVUM Hospitality brand “niu” in the City of Esslingen. Construction kicks-off in February 2018. Situated on a roughly 4,000 sqm lot (Weber site), in the Otto-Bayer-Str. 8-10, this JV will […]

AVONIA and MERKUR are developing a “niu” brand hotel in Esslingen a. N. for roughly 28 million euros

AVONIA Real Estate GmbH of Leinfelden-Echterdingen has joined up with MERKUR Development Holding GmbH of Rüsselsheim to acquire the Weber site in the Otto-Bayer-Str. 8-10 in Esslingen am Neckar. This Esslingen JV, the Otto-Bayer-Str. Grundstücks-GmbH, is in the process of building a new hotel with about 7,000 sqm of above-grade gross floor space, to be […]

New hotel and office building project in Stuttgart Pragsattel

On August 3, 2016, the JV comprising AVONIA Real Estate GmbH (Leinfelden-Echterdingen), MERKUR Development Holding GmbH (Rüsselsheim), and OSWA Planen und Bauen GmbH (Ingersheim) acquired the lot at Leitzstr. 52 in Stuttgart’s Pragsattel area. This JV, the Stuttgart Leitzstr. 52 GmbH, plans to put up a highrise hotel and office building with roughly 11,000 sqm […]

News

Building permit for “niu” Hotel in Esslingen

AVONIA Real Estate GmbH of Leinfelden-Echterdingen and MERKUR Development Holding GmbH of Rüsselsheim have together been granted a permit to build a hotel under the NOVUM Hospitality brand “niu” in the City of Esslingen. Construction kicks-off in February 2018. Situated on a roughly 4,000 sqm lot (Weber site), in the Otto-Bayer-Str. 8-10, this JV will […]

AVONIA and MERKUR are developing a “niu” brand hotel in Esslingen a. N. for roughly 28 million euros

AVONIA Real Estate GmbH of Leinfelden-Echterdingen has joined up with MERKUR Development Holding GmbH of Rüsselsheim to acquire the Weber site in the Otto-Bayer-Str. 8-10 in Esslingen am Neckar. This Esslingen JV, the Otto-Bayer-Str. Grundstücks-GmbH, is in the process of building a new hotel with about 7,000 sqm of above-grade gross floor space, to be […]

New hotel and office building project in Stuttgart Pragsattel

On August 3, 2016, the JV comprising AVONIA Real Estate GmbH (Leinfelden-Echterdingen), MERKUR Development Holding GmbH (Rüsselsheim), and OSWA Planen und Bauen GmbH (Ingersheim) acquired the lot at Leitzstr. 52 in Stuttgart’s Pragsattel area. This JV, the Stuttgart Leitzstr. 52 GmbH, plans to put up a highrise hotel and office building with roughly 11,000 sqm […]