The real asset and investment manager Wealthcap has achieved a
significant success for the repositioning of the Ten Towers in the east of Munich
: The renowned hotel chain Leonardo Hotels has secured a double tower of the Ten Towers in the immediate vicinity of
Munich’s Werksviertel as
a tenant.
Leonardo Hotels will exclusively operate one of the five striking twin towers
in the future and integrate the hotel into the lifestyle brand NYX Hotels by Leonardo
Hotels. The long-term lease agreement for 20 years has been
preliminary building permit from the City of Munich has already been issued.
Transformation into an urban district
This is the first time that a hotel has moved into the Munich landmark building, which was designed by Kiessler
Architekten in the early 2000s. “The lease agreement
entire environment benefits from this.”
Renovation of the twin towers starts
The twin tower, which was previously used as office space, will be adapted to the needs and operating standards of the
tenant in the
coming months. The hotel group will operate a total of 244 rooms on approx. 13,200 square metres
restaurant area between two towers at a height of 50 meters, which will also
be open to external guests.
The NYX Hotel by Leonardo Hotels will offer 244 rooms in different
categories. The highlight is the restaurant on the 14th floor with
first floor rounds off the offer.
JLL’s Hotels & Hospitality Group and Härle Hotel Solutions
GmbH acted as intermediaries on behalf of the owners. The law firm
Heuking Hamburg had represented Wealthcap as a lawyer.
Munich hotel market is booming: Impulses for the neighbourhood
The Ten Towers are unique on the Munich real estate market. With a
square metres of rentable space on the ground floor and 14 floors
. The multi-tenant areas, which are intended for use by several tenants, can be divided from 850 square metres. In addition to the five pairs of towers, the complex comprises
qualify the Ten Towers for DGNB Platinum.
