The actual land the property sits on is owned by Deka, and was purchased in 2017 for €260 million, as part of a sale and leaseback agreement. Meanwhile the hotel is run by Palace Hotel, part of the Amsterdam-based Sircle Collection hotel group.
The landlord has filed to evict the hotel operators over the unpaid dues, and a court ruling is expected on Tuesday, February 24, 2026. The hotel’s operators haven’t objected to this request, so it seems likely that this is going to happen in the coming days.
Ben Schlappig