Von der Heyden Group plans on renovating three historical semi-detached tenement houses located at the heart of Gdańsk in order to convert them into the IBB Blue Hotel.
Located at the corner of the historical Long Market (Długi Targ) and ul. Mieszczańska, the buildings will be transformed into a three-star hotel with 88 rooms spread across four floors. The hotel will also offer 1,000 sqm of retail and services space earmarked either for lease or for the hotel’s own use, for instance for a restaurant or a beauty clinic. The project is estimated at EUR 11 mln. The start of the refurbishment work is planned for September 2015, with the completion scheduled for spring 2017. Although Von der Heyden Group bought the property from Millenium Bank in 2006, the development process was delayed due to the economic crisis and the company’s commitment to other projects. The design work is now nearing completion, while technical documentation is being prepared for a tender procedure for the general contractor. The closing of the tender is planned for this summer. Local architect Michał Skwarło and interior designer Tomasz Wojtkowiak are responsible for creating the project’s architectural design. “The delays we experienced were really not a problem as we own three properties in a marvelous location and since the location is great, timeline is not that important. We are enthusiastic about the ‘Długi Targ’ project, as we call it, and remain convinced that the new hotel will be a financial success,” said Sven von der Heyden, the chairman of the Von der Heyden Group.
Source: Eurobuild CEE