Hochtief Projektentwicklung has sold the Height4 hotel project off-plan to Whitbread plc. Premier Inn is expected to start operating the premium budget hotel with around 185 rooms in summer 2018. The new Premier Inn will have 36 parking spaces in the Hamburg Heights underground parking garage. The new Height4 building will be constructed on a 1,440 sqm southeast section of the lot. The Hamburg Heights urban quarter on the site consists of the two listed office high-rises Height1 and Height2, the two new hotel buildings, Height3 and Height4, and a residential building, Height5. Height1 is already being used by a corporate law firm and Height2 has been sold to a subsidiary of the private bank, Berenberg. Height3—the future Adina Apartment Hotel—was purchased off-plan by Commerz Real for the open real estate fund, hausInvest.
