Von der Heyden Group invests in the heart of Gdansk Old Town!

08.06.2006

It is our great pleasure to announce that after Grand Hotel Lublinianka in Lublin and Andersia Tower in Poznan, Von der Heyden Group has started its new 4 star hotel development in Poland: Dlugi Targ Hotel Project in Gdansk.

The von der Heyden Group took part and has won a complex tender organized by Millenium Bank and acquired a prestigious property at the corner of historical Dlugi Targ Boulevard and Mieszczanska Street, almost opposite to the well known Neptun’s Statue and the Dwor Artusa building.

The newly owned property is one of the most attractive buildings in the exceptional tourist part of Gdansk. It consists of three semidetached historical city houses with three different historically renovated and well preserved frontal elevations. Von der Heyden Group plans to convert the buildings into a 4 Star Deluxe boutique Hotel, after a thorough refurbishment which is planned to start in autumn of 2006 and will last until winter 2007. The total area is approximately 2.500 m2.

The hotel rooms are planned to be located on four floors, many of them facing the vibrant life and streams of tourists on the Dlugi Targ Boulevard. In order to obtain the required space for a banquet and event hall and additional hotel rooms, the southern wing of the building will be extended. The objective is to obtain a homogenous impression with the front part of the building, in close co-operation with the city conservator of monuments. The building will be renovated to keep its charm and historical character.

Sven von der Heyden, Von der Heyden Group Chairman said: “This is one of our most beautiful acquisitions for years and we are convinced more than ever, especially in a fierce competitive environment, that only location counts. Within Gdansk, the location can hardly be beaten and we are certain that this enterprise, even though below the average of our usual transaction size, will turn into a financial success story.”

Adam Trybusz, Von der Heyden Group Managing Director for Poland added: “We will develop a hotel where tourists will feel as if they were in the best hotel in Amsterdam old-town. The atmosphere, architecture and the service, all will make them travel to Gdansk instead of Amsterdam and our aim is that Gdansk has no vacant hotel rooms.”

When ready, the luxury hotel will offer international services standards for business travelers & tourists. For guests’ disposal there will be 44 spacious, well designed rooms and suites, an exquisite restaurant with 45 seats, a banquet & event hall (350 m2) and various fitness facilities.

The Hotel will be managed by the Spanish hotel chain IBB Hotels. Since 2003, this will be the third hotel run by IBB Hotels in Poland, after the successful management of the Grand Hotel Lublinianka and the launch of Andersia Tower Hotel in Poznań in spring 2007.

Estimated market value upon completion: app. Euro 7,5 mln

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Von der Heyden Group invests in the heart of Gdansk Old Town