German listed property group IVG Immobilien plans to convert an 8,200-m2 office building in the Sloterdijk district of Amsterdam into a 252-room Holiday Inn Express Hotel.

The hotel will be operated by Vincent Hotel Group, which has signed a long-term rental agreement.

Construction has started and the hotel is scheduled to open to the public towards the end of this year.

'With the signing of this agreement, we will be able to give new purpose to this - for the most part - empty office building,' said Hugo van Woerden, CEO IVG Netherlands. 'A hotel at this strategic location has excellent prospects. At the same time we contribute to a solution to the structural office vacancy situation in Amsterdam.'

Jones Lang LaSalle advised IVG, while Vincent Hotel Group and Dutch Hotel Partners were advised by Colliers International Hotels.

This is the second Holiday Inn Express announced this year by Vincent Hotel Group in the Amsterdam region. The other is located in the Schiphol/Hoofddorp region.