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German Civil Service Association secures Park Plaza Berlin for 36 million euros!
On October 9, 2025, the German Civil Service Association will acquire the Park Plaza Berlin for 36 million euros - an important step in the real estate strategy.
German Civil Service Association secures Park Plaza Berlin for 36 million euros!
In an exciting transaction, the German Civil Service Association has taken over the Park Plaza Wallstreet in Berlin. This reports 4hoteliers. The property, which was only converted into a hotel in 2005, is changing hands for around 36 million euros. With 169 rooms, the hotel is in a historic center of East Berlin, just one kilometer from the famous Check Point Charlie. This business is also reflected in the price, which exceeds the last expert assessment at around 213,000 euros per room.
The property has been held by Union Investment since 1992 and is part of its strategy to refresh its portfolio. When the rental agreement ends, the new owner now has the opportunity to either re-rent the property or operate it themselves. A future-oriented approach that benefits greatly from the expansion plans for hotel operators, because Berlin is considered a sought-after location that attracts investors. The transaction was supported by renowned advisors such as BNP Paribas Real Estate cijeurope reported.
Functions and potential of the hotel
The Park Plaza Wallstreet is not only attractive because of its location. It also offers a restaurant, a bar and five conference rooms, creating diverse opportunities for business conferences and events. According to the experts at MRP Hotels After renovation, the property will open up new opportunities for value creation and will be considered an attractive destination due to its central location.
The building itself has a long history; it was built in 1910 as a commercial property and converted for office use in 1995. It was converted into a hotel in 2005. This multifaceted use illustrates the potential this property has and how it could develop in the coming years.
Outlook on market conditions
Berlin has developed into a magnet for national and international investments. The ongoing demand for hotel properties shows that the city is not only popular with tourists, but also with business customers. The exciting market development suggests that further acquisitions would also be possible in the near future. Investment strategies such as those promoted by MRP Hotels could play a crucial role in increasing the profitability of such properties and securing long-term returns.
Overall, this creates an inviting picture for investors who want to gain a foothold in Berlin's dynamic hotel landscape. The Park Plaza Wallstreet could therefore be of great interest not only as a classic hotel, but also as part of a strategic portfolio.