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BMW builds hotel for its Munich workers

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BMW builds hotel for its Munich workers
An artist's impression of the hotel. Photo: Strabag Real Estate GmbH
15:33 CEST+02:00
Munich is the most expensive place to live in Germany and with rents on the rise, BMW, one of the city’s biggest employers, has decided to build a hotel to house its workers.

In 2015, BMW plans to battle the rising rents by opening a 270-room hotel for its short-term workers in Munich's northwestern district of Moosach.

The car manufacturer intends to use the three-storey building to house foreign workers and as a transitional home for German employees.

It will also serve as accommodation for BMW trainees who cannot afford the high Munich rents.

Marcus Müller, from developer Strabag Real Estate, said: "For the BMW employees that are housed in the hotel, the location could hardly be better.”

BMW's management, development and production departments are all within walking distance of the U-shaped hotel.

Thomas Hohwieler, director of Strabag, said: “The search for qualified professionals is more important today than it ever was. Factors such as attractive and uncomplicated accommodation for the workforce play a role.”

Research from May 2014 by property website immowelt.de showed rents in Munich had risen by three percent since June 2013. The average cost of rent per square metre is now €16.20.

SEE ALSO: A third of renters can afford own home

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