New hotel building at Tonhallenstrasse 12 causes political groans - financial experts see potential

New hotel building at Tonhallenstrasse 12 causes political groans - financial experts see potential

According to a report by rp-online.de, plans have become known in Düsseldorf for the demolition of the former Karstadt Sports building at Tonhallenstrasse 12 and the construction of a hotel with around 200 rooms. Politicians are reacting to this with criticism, as another hotel project is planned.

The demand for hotels in Düsseldorf is high, especially due to trade fairs, congresses and tourism. An additional hotel with 200 rooms could expand the offer on the market. This could lead to a slight reduction in existing capacities and at the same time increase the competition among hotels.

It is also expected that the real estate market in the area will benefit from new construction projects like this. The attractiveness of the area could increase and real estate prices in the immediate area could increase.

Overall, it is expected that the planned demolition of the Karstadt Sports building and the construction of the new hotel will have an impact on the real estate market and the hotel landscape in Düsseldorf. However, the exact development depends on other factors such as the economic situation and tourism.