Centralis Buys Two Cologne Hotels for Serviced Apartments
Real estate investment firm Centralis has acquired two hotels in Cologne to convert them into 233 serviced apartments operated by Bob W. The properties include a former Wyndham hotel and the former TRYP Köln City Centre.
Key Takeaways
1Centralis acquired Breslauer Platz 2 and Domstrasse 10 from a French insurance company
2The two properties will be redeveloped into 233 serviced apartments totaling 7,600 sq m
3Tech-enabled hospitality operator Bob W has been tapped to manage both locations
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