The new Hyatt Place Hotel has opened its doors today in Frankfurt. Located in the Gateway Gardens, it benefits from a close proximity to Frankfurt Airport and enjoys strong transport links with Frankfurt’s inner city.
The property occupies c. 19,000m², and offers 321 rooms, c. 110 underground parking slots, a 24-hour fitness centre and five meeting and conference rooms with a capacity for up to 136 people, as well as a restaurant, and two shops.
Acquired by Union Investment for the UniImmo: Global Open Public Property Fund in March 2016, the property is leased to the Feuring Group, which will operate the hotel under the Hyatt Place brand for the next 30 years. Bilfinger Hochbau GmbH and Karl Gemünden GmbH were responsible for construction.
Matthias Lowin, Managing Director of the Feuring Group, commented: “We’re delighted to be able to welcome our guests to Germany’s first Hyatt Place Hotel. With our innovative concept, we are distinctively different from other providers. This unique design concept and Hyatt’s excellent operational management make our hotel into something very special.”
“The Hyatt Place is designed for guests who embrace a dynamic lifestyle and never settle for anything but the best,” explains Jan Peter van der Ree, Managing Director of Hyatt Services GmbH in Germany. “With our “#WhySettle” campaign, we are targeting those who never stand still. We’re also delighted that we can continue our long-standing and successful collaboration with Feuring.”
Volker Noack, a member of the board at Union Investment Real Estate GmbH, says: “We see the Hyatt Place Frankfurt as an attractive investment for several reasons: these include the proximity to the airport and the long-term tenancy agreement, plus the strong, innovative Hyatt Place brand, which is now represented in our portfolio.”
“We are very proud that Gateway Gardens is the location for the first Hyatt Place Hotel in Germany,” says Stefan Bockstaller, Project Manager Gateway Gardens at Fraport AG. “The hotel’s concept superbly reflects the internationality and dynamism of Gateway Gardens, and constitutes a striking addition to the overall stock of hotels in both our business district and in Frankfurt as a whole.”