The Dam, the former KPN telecom Headquarters in Amsterdam West (Sloterdijk) with approx. 42,000 sqm the largest office building in Amsterdam will be converted into a conference hotel featuring 478 rooms and approx. 4,000 sqm of conference space. Israelian developer Omnam Investment Group has acquired the building from the previous owners, the German Europe 1 fund. Construction work will start this month already. The building has been vacant for about 3 years.
The Rezidor Hotel Group, part of Carlson Rezidor Hotel Group (quoted at the Stockholm stock exchange) has signed a long term management agreement and will operate the hotel under the Park Inn by Radisson brand on behalf of the new owner.
Eric van den burg, Vice Mayor of Amsterdam: “To transform a vacant building and give it a new purpose for the city and her visitors makes me enthusiastic. With the Park Inn hotel opening in Amsterdam, we have proven that existing buildings may still have a bright future.”
The approx. 42,000 sqm building in the teleport area of Amsterdam will be converted into a 478 key hotel, approx. 4,000 sqm of conference space, a 1,000 sqm ball room an all-day restaurant, an entertainment centre, a lobby bar, a gym and approx. 500 parking places. Park Inn by Radisson, the mid-market hotel fomula by Rezidor, with more than 160 hotels in the EMEA region already has a hotel at Schiphol.
Wolfgang Neuman, CEO of the Rezidor Hotel Group: “Amsterdam is the 3rd most important hotel market in Europe and is very attractive for both the leisure and business market segments and therefore a focus market for Rezidor. The new Park Inn is situated on a beautiful location in Amsterdam West, close to Schiphol Airport as well as to the city centre. It is therefore highly suitable for conferences and meetings. This hotel will further strengthen our position in the Benelux.
David Zisser: CEO Omnam Investment Group who led the transaction along with European-Israeli investors : “We are happy to announce this beautiful addition project to the area as it will certainly make the area more attractive. Also the city council of Amsterdam, who have been extremely supportive in the project, will appreciate the development, as we believe the hotel and conference centre will be a catalyst for further development of the area. We are also excited by the fact that famous Dutch design firm MOOOI has taken the challenge to redesign the building. For sure this will reinforce the importance of this landmark building and would create the one stop shop of design, hospitality, and entertainment complex we are aiming at.
Colliers International advised German Europe 1 fund and facilitated the transaction with the Omnam Investment Group. The legal advisors where CMS on behalf of German Europe 1 fund and Lexence Advocaten on behalf of the Omnam Investment Group.
