BMW builds hotel for its Munich workers
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.
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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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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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