Deka Immobilien Appoints Corendon Hotels & Resorts as New Operator for Luxury W Amsterdam Property in Prime City Location

Deka Immobilien Appoints Corendon Hotels & Resorts as New Operator for Luxury W Amsterdam Property in Prime City Location

(IN BRIEF) Deka Immobilien has secured Corendon Hotels & Resorts as the new operator for the five-star W Amsterdam hotel through a long-term lease agreement. Located in central Amsterdam near the Royal Palace and Dam Square, the hotel features 238 rooms, including 66 suites, and offers premium amenities such as a spa and restaurants. Corendon will operate the property under the Marriott W brand, ensuring continuity of its luxury positioning. The asset has been part of the Deka-ImmobilienGlobal real estate fund since 2017, and the agreement aligns with Deka’s strategy of enhancing value through experienced operators in key locations. The move highlights the company’s ongoing focus on managing high-quality hospitality investments within its global real estate portfolio.

(PRESS RELEASE) FRANKFURT, 4-May-2026 — /EuropaWire/ — Deka Immobilien has entered into a new long-term lease agreement with Corendon Hotels & Resorts for the operation of the five-star W Amsterdam, reinforcing its asset management strategy for premium hospitality properties in key European locations.

The W Amsterdam is located in the heart of Amsterdam, directly adjacent to the Royal Palace Amsterdam and next to Dam Square. The property comprises two historic listed buildings that were redeveloped from office use into a luxury hotel in 2015. The hotel offers 238 rooms, including 66 suites, alongside a spa and two well-known dining venues.

Under the agreement, Corendon will assume operational responsibility for the hotel while continuing to run the property under the globally recognized W Hotels brand, part of the Marriott International portfolio. The partnership brings in an experienced and financially stable operator to manage the asset over the long term.

The property has been part of the Deka-ImmobilienGlobal open-ended real estate fund since 2017, reflecting Deka Immobilien’s focus on high-quality, strategically located assets within its international portfolio.

Deka Immobilien is part of the broader DekaBank Group, which serves as the securities services provider for the German Savings Banks Finance Group. With significant assets under management and a broad investor base, the group continues to expand its real estate platform, managing approximately €50 billion in property assets through its real estate division.

This agreement underscores Deka Immobilien’s continued commitment to strengthening the performance and positioning of its hospitality assets by partnering with established operators in prime urban markets.

About Deka
DekaBank is the securities services provider of the German Savings Banks Finance Group (Sparkassen-Finanzgruppe). Together with its subsidiaries it forms Deka Group. With total customer assets of more than EUR 440 billion (as at 30/09/2025) and 5.9 million securities accounts, DekaBank is one of the largest securities services providers and real estate asset managers in Germany. It provides private and institutional investors with access to a wide range of investment products and services. DekaBank is firmly anchored in the Sparkassen-Finanzgruppe (Savings Banks Finance Group) and tailors its product portfolio to the requirements of its owners and sales partners in the securities business.

The Deka Group’s global real estate expertise is pooled in its Real Estate Division. The management companies, Deka Immobilien Investment GmbH and WestInvest Gesellschaft für Investmentfonds mbH provide management and support for EUR 50 billion (as at 31/12/2025) in real estate assets.

Media Contacts:

Christian Pommée
Press spokesman
Tel: 069 / 7147 – 7761
email: christian.pommee@deka.de

Dr. Daniela Gniss
Press officer
Tel: 069 / 7147 – 2188
email: daniela.gniss@deka.de

SOURCE: Deka Immobilien