Rosewood Hotels has acquired the former Palace of Justice at a prime location in Amsterdam. Located at the Prinsengracht the 20,000 m2 former Palace of Justice will be converted to the first Rosewood hotel in the Dutch capital. The property is one of its kind directly on the corner of the Prinsengracht and Leidsegracht canals. A property this size is hardly available in the historic center of Amsterdam and therefor it has already been dubbed the hotel deal of the century.
Since Hong Kong-based New World Hospitality added Rosewood Hotels & Resorts to their portfolio in 2011, the small chain of ultra luxury hotels has a commitment to accelerated international expansion. The Rosewood Amsterdam is the fourth European Rosewood hotel following after the Rosewood London, Rosewood Tuscany and the Rosewood Paris which is opening next year.
The Dutch government was looking for a buyer of the Palace of Justice since last year when a new Justice facility opened near the waterfront in Amsterdam. After controversy about the initial highest bidder, Rosewood Hotels managed to buy the property for 61.3 million Euro.
The next three years the former Justice Palace will be converted to an ultra luxury hotel with around 140 rooms of around 40m2, a restaurant and a Spa. The construction is done with help of a local real estate firm called Aedes Real Estate that were also involved with the development of the Andaz Hotel and the upcoming Hyatt Regency and Soho House in Amsterdam. The Rosewood Amsterdam will feature the typical and slightly eccentric Rosewood style inspired by culture, history and geography each property.
The upcoming Rosewood Amsterdam Hotel will take on competition with a range of other five star hotels in the booming hotel market in the center of Amsterdam including the InterContinental Amstel Hotel, Sofitel Legend The Grand, the brand new Waldorf Astoria Amsterdam, the Dylan, Andaz Amsterdam and the upcoming W and Soho House hotels.
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