Dubai based luxury hotel company Jumeirah is to launch a major new five star city center hotel serving business and leisure travelers to Frankfurt following an agreement to lease and operate the hotel element of the city's major new PalaisQuartier leisure and retail development, a project of MAB Development.
Jumeirah's new 219 room five star city center hotel in Frankfurt.
The lease agreement was signed between Jan G.F. Eijkemans, Director of MAB Development Group BV, and Gerald Lawless, Executive Chairman of Jumeirah Group in Frankfurt/Main today. The agreement will see the 219 room luxury hotel launching in mid-2010 alongside the launch of the 112,000 m² PalaisQuartier mixed use office and retail complex.
"We believe this agreement will see the establishment of a world-class, market-leading luxury hotel in Frankfurt city center," said Lawless. "We are delighted to be entering the German market with such a prestigious and high profile property and look forward to bringing the luxury and quality that so many German visitors to Dubai have experienced with Jumeirah right to their doorsteps."
PalaisQuartier is located at the heart of Frankfurt at the Thurn-und-Taxis-Platz, within walking distance of the city's financial district and stock exchange, pedestrian shopping areas and the city's opera house. The mixed use development includes the reconstructed baroque 18th century Thurn und Taxis Palais and a 48,500 m² retail development, some 42,000 m² of premium office space and the 22,000 m², 25-floor Jumeirah Hotel Frankfurt. The retail component, called MyZeil and designed by Massimiliano Fuksas, recently opened with great success. It is fully let and attracted over 1 million visitors during the first two weeks after opening.
The lease agreement signing between Jan G.F. Eijkemans, Director MAB Development, and Gerald Lawless, Executive Chairman Jumeirah Group.
"The level of hospitality and luxury the Jumeirah Group brings to their luxury hotels, fits perfectly in the PalaisQuartier project. We are delighted to welcome Jumeirah to Germany and are proud that we are able to accommodate the hotel in our project in Frankfurt," said Eijkemans.
Guests of Jumeirah Frankfur
Cording forward funds Nottingham BTR scheme (GB)