Seen in "Thomas Daily News", Nov 28, 2007
In the drawn-out negotiations concerning the hotel that Deutsche Immobilien AG intends to build on the area of the former Aqua Top water park in Travemünde, a breakthrough has occurred. The newspaper Lübecker Nachrichten reports that an agreement was reached by the city of Lübeck, the seaside Hotel Maritim bordering the area of Aqua Top, and Deutsche Immobilien AG. The agreement paves the way for the construction of a three to four-star hotel including some 200 rooms that will replace the water park. Deutsche Immobilien AG intends to invest €40mn to €50mn in the hotel project. Construction could commence at the beginning of 2009, Bernd Ruschmeyer, Deutsche Immobilien AG’s general manager, told LN, adding that it has not yet been decided under which flag the hotel will be operated after its completion in 2011. Currently, negotiations are underway with two to three interested parties.