Former Hamburg Regional Finance Office

Hamburg is one of the most popular destinations in Germany and even in Europe for business travelers and particularly for recreational tourists. The protected building of the former Hamburg Regional Finance Office is situated in a prominent location in Hamburg’s city center, directly at Rödingsmarkt, and is considered one of Hamburg’s most important public buildings. SOINI ASSET decided to convert the building into a hotel and found a buyer in the FRASER HOSPITALITY luxury hotel, which committed to buying the historical building at a set purchase price. The result: A 5-star deluxe hotel.

“The aim of this club deal investment was put into place all of the parameters needed to sell the building to a subsequent investor along with the required building permit,” says Christina Soini, SOINI ASSET. Key activities included figuring out the financing structure and raising capital to acquire the historical building. Christina Soini, a manager with an instinct for project coordination and numbers, adds, “I can still remember getting everything together for the building application and working with the protected buildings office to figure out the details of our extensive hotel concept. A number of well-known families showed interest in the project, which meant we had to constantly re-assess the extent to which the requirements of possible new operators differed from our previous preliminary plans for the building application. It was an exciting process that ultimately ended with the grand opening of Fraser Suites Hamburg!”

The aim of the club deal investment was to put into place all of the parameters needed to sell the building to a subsequent investor along with the required building permit.