Pullman Hotel Munich

  • Property Details
  • Overview
Property Details [  –  ]
Number of Guest Rooms 337
Number of F&B Outlets Five outlets including Theo’s Restaurant, Fine Dining Room, Theo’s Bar, Theo’s Beer Garden Terrace and Theo’s Castaway Beach
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 150 car park lots for hotel and 48 car park lots for retail and office
Land area ~8,189 sq m
Title Two freehold land plots
Vendor EVENT Hospitality Group B.V.
Purchase price at 14 July 2017 €98.9 million (1)
Valuation (2) as at 31 December 2017 €106.0 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
FY 2017 Key Financials [  –  ]
Rental Income S$5.5 million
(€3.5 million) (3)(4)
Net property income S$5.1 million
(€3.3 million) (3)(4)
Average occupancy rate 75.7% (5)
  • (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 an estimated net working capital of €1.7 million. On the basis of 100% interest, the purchase price is €104.7 million
  • (2)The property was valued by CBRE GmbH using the Discounted Cash Flow approach.
  • (3)Based on the average exchange rate of €1.00 = S$1.5594
  • (4)As Pullman Hotel Munich was acquired on 14 July 2017, the numbers only include the contribution from 14 July 2017 to 31 December 2017
  • (5)This assumes CDLHT owned Pullman Hotel Munich for the full period of FY 2017

Theodor-Dombart-Strasse 4, 80805 Munich, Germany

  • Guest Room

    337
    Guest Rooms

  • Land Area

    ~8,189 sq m
    Land Area

  • In Valuation

    €106 million
    In Valuation

Pullman Hotel Munich is a 4-star hotel with 337 rooms and a comprehensive suite of facilities, as well as secondary spaces 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.

In 2012, the hotel underwent a full rebranding and renovation of its guest rooms, food and beverage outlets, spa and lobby areas.

Notable accolades include:

  • TripAdvisor Certificate of Excellence – 2017
  • Booking.com Guest Review Awards – 2016

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