GSK Stockmann provided comprehensive legal advice to the Ruby Group on the development plans for its new location on Berlin’s Kurfürstendamm. Ruby will be the future operator of the building, which was acquired by the real estate investment manager Empira Group around a year ago.
Munich-based GSK Stockmann partner Stefan J. Schlapka advised Ruby throughout the negotiations with Empira Group.
The securing of the contract for its largest hotel to date and the first Ruby in Berlin marks a further step in the hotel brand’s European expansion strategy. The building located on Kurfürstendamm is to be revitalised over the next few years and converted into a Ruby Hotel with 375 rooms over approx. 15,000 square metres of floor space. The hotel will occupy floors five to eleven. A rooftop terrace on the 12th floor will offer breathtaking panoramic views over Berlin’s world-famous shopping and cultural boulevard.
The hotel is scheduled to open its doors in the first quarter of 2028. The Berlin project is the first Ruby Hotel to be developed since the brand was acquired by the global hospitality group IHG Hotels & Resorts at the start of 2025.
Advisers of the Ruby Group at GSK Stockmann: Stefan J. Schlapka, (lead), Maximiliane Bartsch, (both Real Estate Investments & Asset Management)
