Construction delay on the luxury hotel Le Tresor”: opening now only in 2026!
Construction stop on the luxury hotel “Le Tresor” in Schwerin delays opening to summer 2026. Investor talks about financial challenges.

Construction delay on the luxury hotel Le Tresor”: opening now only in 2026!
In Schwerin's old town, little is happening at the construction site of the planned luxury hotel “Le Tresor”. How NDR According to reports, the construction project has been at a standstill for months, which has been a source of discussion among residents and retailers. The investor, Udo Chistée, has announced a delay of the opening by six months, which is why the first guests cannot be welcomed until summer 2026.
The reason for the construction delay is the termination of the general contractor, which became necessary due to outstanding payments to the subcontractors. Project coordinator Daniela Beck confirmed the construction stop and the search for regional companies to continue the construction work is already underway. According to Chistée, although there was a payment to the general contractor, the general contractor did not pay the subcontractors, which led to a massive withdrawal of these workers. Also Northern Courier points out that these events have significantly hindered the progress of the construction work.
The current status of the project
The Schwerin city administration has already invested significantly in the renovation of the listed building; almost half a million euros in urban development funding have flowed into the project. The former state bank building is to be revived as a chic either four-star plus or boutique hotel with over 100 double rooms, meeting rooms and a shopping and dining area.
Although discussions are ongoing with a reputable law firm to clarify legal issues, it is clear that the construction work could be further delayed if payments to the subcontractors are not settled as quickly as possible. Loud Remato It is crucial to check the tax status of subcontractors before engaging them to avoid such financial difficulties. This could be an important aspect to avoid similar problems in the future and ensure that construction works run smoothly.
Looking into the future
Despite the current setbacks, Udo Chistée is optimistic. “The project is secured and can continue as normal,” he emphasizes. However, the question remains as to how quickly the construction site can be brought back to life. A new roof is necessary and the building should at least be watertight on the outside by the end of the year. Given the imponderable factors such as the current construction disputes and unfinished payments, it remains to be seen whether the ambitious plans can actually be realized by the planned opening in summer 2026.
The people of Schwerin hope that the problems will be solved soon. After all, the hotel business could not only offer nice accommodation options, but also stimulate economic life in the old town and create additional jobs. It remains exciting to see how the project will develop.