Radisson Hotel Group has launched a strategic joint venture for operating hotels in Germany and Austria. The new venture will kick off with the signing of the Radisson Hotel Leipzig, which will be developed by Fay projects and operated by the newly founded Fast Lane Hospitality. When its doors open in 2022, the fully equipped, upscale Radisson Hotel Leipzig will provide Scandinavian-inspired hospitality in a creative city dripping with history. With its prime location, the new property will allow guests easy access to key hubs in Leipzig’s city centre including the main station, as well as having a fast connection to the Leipzig Fair right by the hotel. From the hotel’s doorstep, guests can reach all of the bustling city’s most famous attractions in just five to ten minutes. The newly-built hotel will have a total of 224 rooms, a stylish bar and an on-site gym.
Elie Younes, Executive Vice President & Chief Development Officer, Radisson Hotel Group, said: "We aim to remain relevant to owners and investors and this new venture is a testament of our commitment. The German market is becoming increasingly versatile and requires an unconventional approach to accelerate growth. We look forward to a successful journey with our partners and to unlock value to various stakeholders through this venture."
"Leipzig is about to join Germany's 'Big Seven' cities, so our hotel development in a central downtown location comes at a rather opportune time, especially because hotel accommodation in the trade fair city continues to grow at an annual rate of around five percent," said Wolfgang Heid, Chairman of the Board and CEO of FAY Projects. "We are confident that this new asset will be one of the outstanding Radisson hotels in Germany."