New York, NY – Casino owner and operator Trans World Corporation has acquired the Hotel Columbus, a modern, four-star 117-room business hotel property, located in the suburb of Seligenstadt, Germany, for $8 million.
Hotel Columbus was acquired for approximately $8 million, inclusive of taxes and closing costs, with approximately $3.3 million of equity from TWC’s available cash and approximately $4.7 million, of local bank financing.
Located near both downtown Frankfurt and Frankfurt international Airport, the Hotel Columbus features five meeting rooms equipped with the latest conference technology, a spacious restaurant and separate breakfast room, each with its own kitchen, two full-service bars, a 32-space parking garage and a 27-space surface parking lot.
Frankfurt, Germany’s fifth largest city, is home to the European Central Bank, Deutsche Bundesbank, Frankfurt Stock Exchange and several other large commercial banks, and ranks amongst the world’s leading financial center.
Trans World Corporation, founded in 1993, is a publicly traded, Nevada corporation, headquartered in the U.S., with all of its gaming and hotel operations in Europe.