Booming hotel market
TAS specializes in hotels. One of its latest projects is the construction of a landmark new Holiday Inn Business Hotel in the City Nord district of Hamburg. The 60-meter-high, 19-floor hotel is being built on the site of the former BP headquarters.
According to EXPO REAL, the total investment volume of Germany's hotel industry is currently 1.9 billion euros: "The reasons for this are brisk construction activity, expansion and new hotel brands where domestic and foreign buyers balance each other out." But another reason is the booming tourism in Germany's cities, now in its ninth record year in a row. In the first half of 2018, the number of overnight stays by domestic and foreign guests rose by four percent to 214 million, according to calculations by the Federal Statistical Office. "Germany has never been more attractive as a travel destination and a convention and conference location," says Guido Zöllick, President of the German Hotel and Restaurant Association.
Whether it's for hotel projects like the one in City Nord or stylish digital concepts for the future like on the waterfront of Kiel, ambitious real estate projects require capital – and a financier who can provide expert advice in a challenging market environment. Managing Director Marcus Schwarz values trustworthy cooperation, specifically when it comes to choosing a financing bank: "We can rely one hundred percent on HSH Nordbank. Not only do our contacts have excellent expertise, they also fit in well with our company and our values."