International investment firm Von der Heyden Group announced the successful sale of its landmark hospitality asset located on Długi Targ in Gdańsk, Poland, to Corum Real Estate, a flagship investment for the Group.
The sale marks another successful exit for the Von der Heyden Group, highlighting its strategy of identifying, developing, and enhancing high-quality real estate assets across Europe.
Acquired approximately 15 years ago, the project consisted of three historic buildings that were meticulously restored to their original architectural splendour. Following an extensive redevelopment process, the property opened its doors in 2018 as a four-star hotel operated under the Group’s IBB Hotel Collection.
Since opening, the hotel consistently ranked among the best-performing assets within the Group’s hospitality portfolio, achieving outstanding operational results, including record Gross Operating Profit (GOP) levels reaching 40%, underscoring both the strength of the location and the quality of the asset management.
“The Długi Targ hotel project has been a remarkable journey for us, from acquiring and restoring three historic buildings from the 16th century to transforming them into one of the most successful hospitality assets in our portfolio,” commented Sven von der Heyden, chairman and founder of the Von der Heyden Group.
“The consistent performance and strong returns achieved over the years confirmed the dedication of our team and partners. We are proud of what has been accomplished and are confident that Corum Real Estate will continue to build on this success,” added von der Heyden.
