Pullman Hotel Munich
- Property Details
Property Details [ – ]
|Number of Guest Rooms||337|
|Number of F&B Outlets||Five outlets comprising Theo's Restaurant, Theo's Bar, Theo's Beer Garden Terrace, Theo's Castaway Beach and Theo's Lounge|
|Banquet/Conference/Meeting facilities||Two conference rooms for up to 80 people|
|Other facilities||400 sq m of fitness and spa area
Four retail and seven office tenants
|Car park facilities||200 car park lots
The car park facilities are shared with the commercial components of the property
|Land area||~8,189 sq m|
|Purchase price at 14 July 2017||€98.9 million (1)|
|Valuation (2) as at 31 December 2020||€105.6 million|
Master Lease Details [ – ]
|Master lessee||UP Hotel Operations GmbH & Co. KG (a wholly-owned subsidiary of EVENT Hotels)|
|Term of lease||20 years commencing from 14 July 2017|
|Minimum rental income||€3.6 million|
- (1)The purchase price of €98.9 million is based on H-REIT's effective 94.5% interest in Pullman Hotel Munich, its commercial components and the furniture, fixture and equipment. This excludes the adjustment for net working capital. On the basis of 100% interest, the purchase price is €104.7 million
- (2)The property was valued by Cushman & Wakefield (U.K.) LLP (German Branch) using the Discounted Cash Flow approach
- (3)Based on the average exchange rate of €1.00 = S$1.5708.
Theodor-Dombart-Strasse 4, 80805 Munich, Germany
~8,189 sq m
Pullman Hotel Munich is a 4-star hotel with 337 rooms and a comprehensive suite of facilities, as well as secondary spaces currently let out to four retail and seven office tenants.
The hotel is strategically located adjacent to the commercial district of "Parkstadt Schwabing", which is home to a variety of national and international companies. It boasts convenient accessibility, with motorways connecting Munich to Berlin and Frankfurt within a two-minute drive away, and the Munich railway station and Munich International Airport being accessible via a short drive. Travellers also have direct access to Munich International Airport via the Lufthansa Express Bus service, which stops diagonally opposite the hotel and runs at regular 15 minute intervals, offering significant cost savings and ease of travel to the airport within 25 minutes.
The hotel is also in proximity to many of Munich's popular tourist destinations including the English Garden, the BMW headquarters and Allianz Arena.
The Theo's Restaurant and Bar serves contemporary Bavarian cuisine. In summer, the green courtyard transforms into an outdoor oasis with Theo's Beer Garden Terrace and Theo's Lounge. A new weatherproof shade sail was installed in the courtyard in 2019 so that the area could be used even in light rain.
Notable accolades include:
- TripAdvisor Certificate of Excellence – 2019
- Booking.com Guest Review Awards – 2019
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