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MEININGER Hotels and investor LGIM Real Assets (Legal & General) have signed an agreement for a hotel in Glasgow. The hotel will be located on West George Street opposite Queen Street Train Station and will offer 160 rooms and 590 beds. The opening is scheduled for 2020.

Due to its strategic location in the centre of Glasgow, opposite to Queen Street Train Station which is currently undergoing a major redevelopment, many of the city's sights, museums and monuments are within walking distance from the hotel. Equally, there are numerous restaurants, pubs and venues nearby. The Gallery of Modern Art is just a 3-minute walk from the hotel and the Royal Concert Hall just 9 minutes.

Due to its proximity to the train station, the hotel is well connected to both local and long-distance destinations, with trains running to the north of Scotland and to Edinburgh, which can easily be reached within 40 minutes. The nearest underground station is also just 160 meters from the hotel.

The MEININGER Hotel will have 160 rooms and 590 beds, spread over 5 floors of the new building. The room types will range from classic double rooms through private multi-bed rooms to beds in a dorm room. The public areas such as reception, lobby, lounge, breakfast room and bar as well as a guest kitchen and game zone, which are all typical features of a MEININGER, will be located on the first floor of the building. At basement, ground and mezzanine levels the scheme will also create around 1400 sqm of new retail space.

The building was designed by the architectural practice NORR.

Derek Reid, Project Director for Architects NORR Consultants, stated "We are immensely proud to have assisted Legal + General and MEININGER Hotels in achieving not only this milestone, but also the recent milestone of securing Planning permission. Our design for the building seeks to balance an appropriate response to a strategic location within Glasgow City Centre Conservation Area with capturing the exciting dynamic of the MEININGER Hotel brand. We look forward to continuing our role on the project through to project completion and opening."

The hotel in Glasgow will be the second hotel for the MEININGER Group in the UK. MEININGER already operates a hotel in London since 2006. Hannes Spanring, CEO of MEININGER Hotels, is pleased about the new project: "Great Britain is a very important market for us and Glasgow as Scotland's largest city is the perfect location for another MEININGER hotel in the UK. The Glasgow hotel is an excellent addition to our portfolio, due to its prime location in the heart of the city centre."

The MEININGER Hotels continue to expand. This year another 6 hotels are going to open in Europe. Including Glasgow, a total of 15 projects are under development and further projects are being searched for. "The focus is still on Europe, but we are also looking for opportunities in North America and South Asia," says Hannes Spanring.

Craig Westmacott, Senior Fund Manager, LGIM Real Assets, said: "We are pleased to be working with MEININGER Hotels as they seek to expand their successful brand into the UK. This site is an excellent location for a new hotel and together with the redevelopment of Queen Street station will bring significant improvements to this key area of Glasgow city centre."

About MEININGER Hotels:

MEININGER is a subsidiary of Holidaybreak Ltd, a travel group specialising in educational and activity holidays. Holidaybreak Ltd is a subsidiary of Prometheon Holdings (UK) Ltd, which is a part of Cox & Kings Ltd. Cox & Kings Ltd is listed on the National Stock Exchange, the BSE Ltd in Mumbai.

MEININGER is a unique hotel product that combines the service and comfort of an international budget hotel with extra facilities, such as a guest kitchen and a games zone. The central location, high quality furnishings and fair prices appeal to people of all ages and backgrounds. With the right dose of MEININGER humour and an enthusiastic team, MEININGER hotels with their guests from all over the world become a real home away from home.

The bedrooms range from traditional double rooms through private rooms with multiple beds right down to a bed in a dorm room. The hotels are tailored and adapted to the specific location and the market served by the hotel. The unique and flexible design of each hotel makes it possible to appeal to various target groups alike, such as school groups, families, individual travellers and corporate guests.

MEININGER currently operates 20 hybrid hotels in Europe, with a total of 10,492 beds in 12 European cities including Amsterdam, Berlin, Brussels, Copenhagen, Frankfurt/Main, Hamburg, Leipzig, London, Milan, Munich, Salzburg and Vienna. Contracts for 15 new hotels in Berlin, Brussels, Budapest, Dresden, Geneva, Heidelberg, Lyon, Milan, Munich, Paris, Rome, Saint Petersburg, Zurich and now Glasgow have already been signed. MEININGER has ambitious plans for growth - in this regard, the focus is no longer only on Europe - possibilities for an expansion to North America and Asia are also being sounded out.

Target locations in the UK beside London and Glasgow are Edinburgh, Manchester and Liverpool.

In the 'TREUGAST Investment Ranking 2016', the MEININGER Group achieved an AA rating. The group is headquartered in Berlin.

About Legal & General:

LGIM Real Assets

LGIM Real Assets is a division of Legal & General Investment Management (LGIM), one of Europe's largest institutional asset managers and a major global investor. LGIM manages £983.3bn in assets on behalf of over 3,200 clients (as at 31 Dec 2017), providing products and solutions spanning all asset classes. LGIM Real Assets, headed up by Bill Hughes, has AUM of £27bn (as at 31 Dec 2017), actively investing and managing assets across commercial property, private residential, infrastructure and property lending and, most recently, corporate credit.

Legal & General Group

Established in 1836, Legal & General is one of the UK's leading financial services groups and a major global investor, with a number of growing businesses in the US. Over fifteen million people worldwide rely on us to help them save for the future and to protect their families and their homes.

We operate in three principal areas:

-Investing & Annuities, where we manage £58bn of retirement annuities for policyholders and invest for their long term return within Legal & General Retirement, as well as investing our own balance sheet within Legal & General Capital;

-Investment Management, where we have £983bn in total assets under management from clients in the UK, US, Asia and EMEA and a leading UK workplace savings and retail investments business within LGIM; and

-Insurance, where we provide protection against life events for customers, with £2.9bn of gross written premiums principally in life insurance in the UK and US within Legal & General insurance and household insurance in the UK within our General insurance division.

About NORR:

NORR Consultants Ltd is a multi-award winning international architectural practice that has been designing and building worldwide for many years with proven experience in urban planning, architecture, landscape and interior design.

Its diverse portfolio includes work in retail, corporate, residential, education, government, healthcare, industrial, mixed-use, and transport sectors, where it is recognised for delivering intelligent solutions that combine creative excellence with commercial success.

With 8 studios across the UK, NORR is part of the internationally acclaimed multi-disciplinary Ingenium Group with over 140 staff in the UK and over 900 globally. NORR delivers a diverse range of exciting landmark projects across the UK and Europe and with our sister companies working in Asia, the Middle East and North America.

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The MEININGER Group opened its second hotel in Amsterdam on March 25th. The new building is located directly at Amstel station and offers 186 rooms and 806 beds.

The MEININGER Hotel Amsterdam Amstel is part of the tallest residential building in the city, the Amstel Tower, a project of the real estate developer Provast. The 100-meter-high property has, in addition to the MEININGER Hotel, 192 apartments. Thanks to its location directly adjacent to the Amstel train station, it is perfectly connected to local and long-distance traffic. It is only a few minutes by train to the center of Amsterdam.

The interior design of the MEININGER Hotel is based on the theme "sea level". Amsterdam is partly below sea level, moreover, the city is characterized by the water. Numerous canals flow through the metropolis and are an essential part of the cityscape. This change of water and land served as a source of inspiration. In the public areas, a panoramic wallpaper takes the hotel guests into the underwater world of Amsterdam. Here and there comfortable seating islands were placed to invite guests to linger. In the hallways and rooms, the element of water is playfully staged.

The 186 rooms of the hotel are spread over 6 floors of the Amstel Tower. All public areas such as reception, lobby, lounge, breakfast room and bar as well as the guest kitchen and game zone, which are all typical features of a MEININGER, are located on the ground floor of the building. A total of 20 on-site parking spaces are available for guests of the hotel.

The MEININGER Hotel Amsterdam Amstel is already the second hotel of the MEININGER Group in Amsterdam. In 2012, the first hotel opened at Sloterdijk station with a total of 219 rooms which has been extended to 321 rooms with 1,177 beds in recent years. Hannes Spanring, CEO of MEININGER Hotels, says: "Amsterdam is a vibrant and cosmopolitan city with an international flair and numerous attractions, and therefore a popular destination for tourists from all over the world. We also notice this through high demand from our customers. Therefore, we are all the more pleased to be represented with a second hotel in Amsterdam, as part of the Amstel Tower and again in a good location."

MEININGER hotels continue to expand. This year another 6 hotels are going to open in Europe. A total of 14 projects are under development and further projects are being searched for. "The focus is still on Europe, but we are also looking for opportunities in North America and South Asia," says Hannes Spanring. With the opening of the MEININGER Hotel Amsterdam Amstel, the hotel group now operates 20 hotels with a total of 10,492 beds and 2,978 rooms.

About MEININGER Hotels:

MEININGER is a subsidiary of Holidaybreak Ltd, a travel group specialising in educational and activity holidays. Holidaybreak Ltd is a subsidiary of Prometheon Holdings (UK) Ltd, which is a part of Cox & Kings Ltd. Cox & Kings Ltd is listed on the National Stock Exchange, the BSE Ltd in Mumbai.

MEININGER is a unique hotel product that combines the service and comfort of an international budget hotel with extra facilities, such as a guest kitchen and a games zone. The central location, high quality furnishings and fair prices appeal to people of all ages and backgrounds. With the right dose of MEININGER humour and an enthusiastic team, MEININGER hotels with their guests from all over the world become a real home away from home.

The bedrooms range from traditional double rooms through private rooms with multiple beds right down to a bed in a dorm room. The hotels are tailored and adapted to the specific location and the market served by the hotel. The unique and flexible design of each hotel makes it possible to appeal to various target groups alike, such as school groups, families, individual travellers and corporate guests.

MEININGER currently operates 20 hybrid hotels in Europe, with a total of 10,492 beds in 12 European cities including Amsterdam, Berlin, Brussels, Copenhagen, Frankfurt/Main, Hamburg, Leipzig, London, Milan, Munich, Salzburg and Vienna. Contracts for 14 new hotels in Berlin, Brussels, Budapest, Dresden, Geneva, Heidelberg, Lyon, Milan, Munich, Paris, Rome, Saint Petersburg and Zurich have already been signed. MEININGER has ambitious plans for growth - in this regard, the focus is no longer only on Europe - possibilities for an expansion to North America and Asia are also being sounded out.

In the 'TREUGAST Investment Ranking 2016', the MEININGER Group achieved an AA rating. The group is headquartered in Berlin.

About Provast:

Provast is an innovative (re-)developer specialising in urban projects involving living, working, shopping and accommodation space. Provast has been developing high-quality and sustainable property, with passion, expertise and entrepreneurship since 1985. A successful project involves much more than just an attractive building. Our projects, large and small, are landmarks. We create added societal value and (re)vitalise the environment. And we make no concessions where quality is concerned.

For more information, visit www.provast.nl.

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MEININGER Hotels have opened a hotel in Milan on 18th of December, which is the first one of the hotel group in Italy. The MEININGER Milano Garibaldi offers 80 rooms and 268 beds and is located in the centre of the city on Strada Privata Calvino 11 close to the Garibaldi train station.

The existing building, which previously served as a hostel, was converted into a MEININGER hotel over the last 10 months. "I am delighted that in these few months we have managed to redesign the entire property in accordance with the MEININGER standards and be able to open it this year as a MEININGER hotel", says Hannes Spanring, CEO of MEININGER hotels.

As typical for MEININGER, the interior design of the hotel is based on the near surroundings of the building. Inspired by the Garibaldi station, as well as the local metro and tram lines, the theme "Urban Connectivity" was implemented holistically in the rooms and public areas. In the lobby of the MEININGER Milano Garibaldi, a lounge area was modelled after a tram wagon, in the breakfast room lamp cables run like overhead lines of a tram below the ceiling and the wall next to the entrance presents an oversized transport map of Milan. Here and there materials and colours remind of stations and public transport of the city. In the rooms elements of a wagon are picked up in the furniture. The beds are framed with yellow metal, a handrail serves as a clothes rail.

The room types of the MEININGER Milano Garibaldi range from classic double rooms and private multi-bed rooms, through to a bed in a dormitory. All public spaces including the reception, lobby, lounge, breakfast room and bar as well as guest kitchen and games room, which are all typical features of a MEININGER, are located on the ground floor of the building. Hannes Spanring says "MEININGER is a hybrid product that combines essential elements of both, Hotel and Hostel and thereby attracts various types of guests alike".

Thanks to its location, the hotel is easily accessible by public transport or by car. The MEININGER is the perfect base to explore the city. Due to its excellent transport links, the historical centre of the city can be reached conveniently within 15 minutes.

The MEININGER Milano Garibaldi is already the second property of the hotel group that opened in December this year. On 1st December, the MEININGER Hotel Berlin East Side Gallery welcomed its first guests. "The opening of the MEININGER Milano Garibaldi is an important step for the MEININGER Group and an excellent addition to our portfolio. Italy is an important market for us. We will open two more properties here next year. One in Rome in March and one more in Milan in late summer next year", says Hannes Spanring. And more hotels are going to follow. Next year, MEININGER will open five more hotels throughout Europe additionally to the two openings in Italy.

MEININGER continues to expand. A total of 15 new hotels are already planned. Although the focus is on Europe, opportunities in North America and South Asia are being examined in the search of further projects. Currently the MEININGER Group operates 19 hotels in Europe with 2,792 rooms and 9,510 beds in total.

About MEININGER Hotels:

MEININGER is a subsidiary of Holidaybreak Ltd, a travel group specialising in educational and activity holidays. Holidaybreak Ltd is a subsidiary of Prometheon Holdings (UK) Ltd, which is a part of Cox & Kings Ltd. Cox & Kings Ltd is listed on the National Stock Exchange, the BSE Ltd in Mumbai.

MEININGER is a unique hotel product that combines the service and comfort of an international budget hotel with extra facilities, such as a guest kitchen and a games zone. The central location, high quality furnishings and fair prices appeal to people of all ages and backgrounds. With the right dose of MEININGER humour and an enthusiastic team, MEININGER hotels with their guests from all over the world become a real home away from home.

The bedrooms range from traditional double rooms through private rooms with multiple beds right down to a bed in a dorm room. The hotels are tailored and adapted to the specific location and the market served by the hotel. The unique and flexible design of each hotel makes it possible to appeal to various target groups alike, such as school groups, families, individual travellers and corporate guests.

MEININGER currently operates 19 hybrid hotels in Europe, with a total of 9,510 beds in 12 European cities including Amsterdam, Berlin, Brussels, Copenhagen, Frankfurt/Main, Hamburg, Leipzig, London, Milan, Munich, Salzburg and Vienna. Contracts for 15 new hotels in Amsterdam, Berlin, Brussels, Budapest, Dresden, Geneva, Heidelberg, Lyon, Milan, Munich, Paris, Rome, Saint Petersburg and Zurich have already been signed. MEININGER has ambitious plans for growth - in this regard, the focus is no longer only on Europe - possibilities for an expansion to North America and Asia are also being sounded out.

In the 'TREUGAST Investment Ranking 2016', the MEININGER Group achieved an AA rating. The group is headquartered in Berlin.

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MEININGER hotel group and Peter Simmel signed an agreement for a hotel in Dresden. The new building will be located right opposite the central station at Wiener Platz 2. The 165 rooms and 639 beds hotel is scheduled to open in the second quarter of 2021.

The MEININGER hotel Dresden is in a superb location, adjacent to the central station. The site can be easily accessed by public transport. Trains from all over Europe stop here, it takes 2 hours from Berlin, 2.5 hours from Prague and 5 hours from Frankfurt/Main to Dresden. The new central bus station of Dresden is planned to be erected next to the hotel during the construction period. The MEININGER is the perfect base to explore the city. The center with all its shops and historical sights is just a very short walk from the site.

The hotel will be part of a mixed used building that contains an EDEKA supermarket, offices and large parking facilities. The hotel is planned with a gross floor area of 7600 sqm and starts from the first floor. It will offer all typical features of a MEININGER hotel such as reception, lobby, lounge, breakfast room and bar as well as guest kitchen and games zone. The 165 modern and well-equipped rooms with 639 beds in total will be distributed on four floors. Due to the flexible room concept of a MEININGER hotel the accommodation will range from classic double rooms and private multiple-bed rooms to a bed in a dormitory.

Hannes Spanring, CEO of the MEININGER Hotels, says: "We are all the more pleased about this new and excellent addition to our fast-growing portfolio. Dresden is an important cultural, educational and political hub in Germany and Europe. It's a diverse city which has a lot to offer and attracts urban travellers from all over the world. With 4,3 million overnight stays per year, Dresden ranks number seven in Germany."

About MEININGER Hotels:

MEININGER is a subsidiary of Holidaybreak Ltd, a travel group specialising in educational and activity holidays. Holidaybreak Ltd is a subsidiary of Prometheon Holdings (UK) Ltd, which is a part of Cox & Kings Ltd. Cox & Kings Ltd is listed on the National Stock Exchange, the BSE Ltd in Mumbai.

MEININGER is a unique hotel product that combines the service and comfort of an international budget hotel with extra facilities, such as a guest kitchen and a games zone. The central location, high quality furnishings and fair prices appeal to people of all ages and backgrounds. With the right dose of MEININGER humour and an enthusiastic team, MEININGER hotels with their guests from all over the world become a real home away from home.

The bedrooms range from traditional double rooms through private rooms with multiple beds right down to a bed in a dorm room. The hotels are tailored and adapted to the specific location and the market served by the hotel. The unique and flexible design of each hotel makes it possible to appeal to various target groups alike, such as school groups, families, individual travellers and corporate guests.

MEININGER currently operates 17 hybrid hotels in Europe, with a total of 8,409 beds in 11 European cities including Amsterdam, Berlin, Brussels, Copenhagen, Frankfurt/Main, Hamburg, Leipzig, London, Munich, Salzburg and Vienna. Contracts for 17 new hotels in Amsterdam, Berlin, Brussels, Bordeaux, Budapest, Geneva, Heidelberg, Lyon, Milan, Munich, Paris, Rome, Saint Petersburg, Zurich and now Dresden have already been signed. MEININGER has ambitious plans for growth - in this regard, the focus is no longer only on Europe - possibilities for an expansion to North America and Asia are also being sounded out.

In the 'TREUGAST Investment Ranking 2016', the MEININGER Group achieved an AA rating. The group is headquartered in Berlin.

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