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MEININGER Hotels and Foncière des Régions signed an agreement for a new hotel in Munich near the Olympic Park.

MEININGER Hotels and Foncière des Régions, through its subsidiary Foncière des Murs, signed an agreement for a new MEININGER Hotel in Munich located on Landshuter Allee, close to the Olympic Park. This is the first joint hotel project of MEININGER and Foncière des Régions, who announced a strategic investment partnership in December 2014.

The MEININGER Hotel Munich Olympic Park is going to be the second MEININGER hotel in Munich and is scheduled to open by the end of 2017. Located in a former office building, the property will be converted into a hotel. MEININGER will lease the premises from Foncière des Régions for an initial term of 20 years. The vendor of the property is the alstria office REIT-AG.

The new hotel will feature 173 rooms and 820 beds on seven floors; well-equipped with TV, free wifi and en-suite bathrooms all to a high specification. The basement area will offer underground parking. All public areas will be located on the ground floor, including a lobby, lounge and breakfast area. Exceptional for a hotel but standard and typical for a MEININGER hotel are the guest kitchen and the games zone, which are also part of the public areas.

The hotel will have a gross floor area of 12,382 sq m, including underground parking.
Due to its location at the Mittlerer Ring, which offers connections to all main motorways, the hotel is easily accessible from all directions. The Central Station can be reached within 10 minutes by tram.

Navneet Bali, CEO of the MEININGER Hotels says: “It’s a great pleasure to sign our new project with Foncière des Régions. Munich is one of our most successful markets and the planned hotel will be a great addition to our growing portfolio.”

Dominique Ozanne, CEO Hotels & Hospitality Management of Foncière des Régions, says: “This agreement launches the pan- European’s partnership between Foncière des Régions and MEININGER. For this operation, ideally located in Munich, we will deploy all of our real estate expertise, leaning on our local teams, to transform this office building into an innovative and trendy hotel adapted to MEININGER’s positioning.”


About MEININGER

MEININGER is a subsidiary of Holidaybreak Ltd, the European Education & Leisure specialist activity travel group. Holidaybreak Ltd is a subsidiary of Prometheon Holdings (UK) Ltd, which is a part of Cox & Kings Ltd. Cox & Kings Ltd is listed on National Stock Exchange and BSE Ltd and also on Luxembourg Stock Exchange.

MEININGER provides the service and comfort of an international budget hotel with a combination of regular and multi-bedded rooms, guest kitchens and game zones. The central location, high quality furnishings and good value appeal to a variety of business and leisure customers. With innovative design and an enthusiastic team supporting it, MEININGER hotels provide a unique hotel experience that has proven popular with guests from across the world.
 
The bedrooms range from traditional double rooms through to rooms with multiple beds and dormitories, and are tailored and adapted to the particular target market the hotel is catering to in a specific location. The unique layout and design of a MEININGER Hotel enables it to cater equally to school groups, families, individual travellers and corporate guests.
 
MEININGER currently operates 16 hotels in Europe, with a total of 7,025 Beds in 10 European cities including Amsterdam, Berlin, Brussels, Frankfurt, Hamburg, Cologne, London, Munich, Salzburg and Vienna. It has ambitious plans for growth, and is keen to establish a presence in all key European cities within the next five years.

In the ‘Treugast Investment Ranking 2013’, the MEININGER Group achieved an AA rating. The group is headquartered in Berlin.

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MEININGER hotels and NDC Group have signed contracts for a new MEININGER hotel located directly at East Side Gallery, close to the Ostbahnhof railway station in Berlin.

The MEININGER Hotel Berlin East Side Gallery will open in autumn 2016. It will be the fifth MEININGER hotel in Berlin.

MEININGER currently operates 16 hotels in 10 European cities. It has ambitious plans for growth, and is keen to establish a presence in all key European cities within the next five years.

The new hotel will feature 206 rooms and 704 beds on seven floors; well-equipped with TV, free wifi and en-suite bathrooms all to a high specification. The basement area will offer underground parking for 17 cars. All public spaces will be located on the ground floor, including a lobby, lounge, breakfast area and bar, as well as guest kitchen and gamezone, which are all standard for MEININGER hotels.

The hotel will have a gross floor area of 6,000 sq m (64,584 sq ft). The lease agreement is termed for 25 years.

Located within walking distance of Warschauer Straße, one of Berlin’s most frequented tourist areas, and mainline railway station Ostbahnhof, which handles around 100.000 passengers daily, the hotel will have excellent connections to public transport.

Navneet Bali, CEO of MEININGER hotels says: “I’m very happy about this new project, which is a perfect addition to our Berlin portfolio. The location of the hotel is great. It’s centrally located next to transport hubs, in a very vibrant area of Berlin. With its flexible room structure, which ranges from double to multi-bed rooms, it’s the prefect hotel for different types of guests – from school groups and families, to individual travellers and corporate guests.”

About MEININGER

MEININGER provides the service and comfort of an international budget hotel with a combination of regular and multi-bedded rooms, guest kitchens and game zones. The central location, high quality furnishings and good value appeal to a variety of business and leisure customers. With innovative design and an enthusiastic team supporting it, MEININGER hotels provide a unique hotel experience that has proven popular with guests from across the world.
 
The bedrooms range from traditional double rooms through to rooms with multiple beds and dormitories, and are tailored and adapted to the particular target market the hotel is catering to in a specific location. The unique layout and design of a MEININGER Hotel enables it to cater equally to school groups, families, individual travellers and corporate guests.
 
MEININGER currently operates 16 hotels in Europe, with a total of 7,025 Beds in 10 European cities including Amsterdam, Berlin, Brussels, Frankfurt, Hamburg, Cologne, London, Munich, Salzburg and Vienna.

In the ‘Treugast Investment Ranking 2013’, the MEININGER Group achieved an AA rating. The group is headquartered in Berlin.

About NDC Real Estate Management GmbH:
NDC is a project and property developer for structural and civil engineering in Berlin and Potsdam operating since 1991. Its main emphasis is on the commercial and residential real estate sector, with a focus on hotels, office buildings, administrative buildings and residential properties It is also comitted to urban renewel and protection of historic assets. One of its major projects has been the refurbishment of buildings at Hackescher Markt and in Potsdam to meet heritage requirements.

www.n-d-c.de/

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Robert’s appointment will help MEININGER’s deliver its objective of establishing a presence in all key cities in the UK including London, Manchester and Edinburgh. MEININGER hotels currently operates 16 hotels in 10 European cities.
 
Robert Seeley is a founding director of RSR Properties, a real estate investment advisory firm focused on the UK, where he has been instrumental in identifying hotel development opportunities for leading European hotel brands in the budget sectors, as well as seeking transactions for clients in the UK retail sector.

Prior to launching RSR Properties, Robert worked as a Senior Acquisitions Manager for Sainsbury’s Supermarkets Limited. Reporting to the main board, Robert’s team was responsible for delivering 50 new stores a year. Prior to that he headed up a regional property team for Tesco.

Robert is a Chartered Surveyor with a degree in Real Estate Management from Nottingham Trent University.

Navneet Bali, CEO of MEININGER hotels, said: “We are delighted to welcome Robert to MEININGER. With his extensive expertise in real estate development, he will provide a valuable contribution in supporting our expansion across the UK.”

About MEININGER Hotels:

MEININGER is a wholly owned subsidiary of Holidaybreak Ltd, the European education & leisure specialist activity travel group. Holidaybreak Ltd is is a part of Cox & Kings Ltd. Cox & Kings Ltd is listed on The National Stock Exchange and Bombay Stock Exchange in India and also on Luxembourg Stock Exchange.

Founded in 1999 MEININGER currently operates 7023 beds and 2093 rooms in 16 hotels in 10 European Cities. The unique hybrid concept of MEININGER is based upon combining the service and comfort of a hotel with the uncomplicated nature of a hostel: top locations, high-quality amenities, flexible room structure and reasonable prices. MEININGER is ideally positioned to accomodate business travellers, individual guests, families, school trips & tour groups.

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MEININGER hotels has appointed Patrick Sanville as its Head of Development in France.

Patrick’s appointment will help MEININGER deliver its objective of establishing a presence in all key French cities, including Paris, Marseille, Lyon, Strasbourg and Nice. MEININGER hotels currently operates 16 hotels in 10 European cities.
 
Patrick Sanville is the founder and CEO of Fundotel, a hospitality investment advisory firm dedicated to hotel asset management and funding.
 
Prior to launching Fundotel, Patrick established SP & Partners in 1992, a successful hotel real estate advisory group, associated in 2000 with CB Richard Ellis. Over the years, he has worked on both the sell and buy sides of some of the largest single hotel asset and portfolio transactions in the EMEA region: the Marriott Champs Elysees and Prince de Galles hotels, and the Jardins de Paris and Timhotel chains. SP & Partners was acquired in 2007 by BNP Real Estate, and Patrick led the development of the prosperous European Hotel Real Estate Advisory branch of BNP Real Estate until mid-2013.

Patrick began his career in investment banking with a Swiss financial institution and later joined Bourdais, a leading French real estate consulting firm. He then joined Accor as Director of International Development. He led the group’s expansion internationally, developing and completing major projects in many European cities. Patrick was then promoted to President of Accor’s Ibis brand in North America where he developed the chain in major US gateway cities.

Patrick has a Master’s Degree in Economics from Paris II University and an MBA from Columbia University in New York.
 
Navneet Bali, CEO of MEININGER hotels, said: “We are delighted to welcome Patrick and the Fundotel team to MEININGER; they will be a valuable contribution to our growing expansion plans. With their extensive expertise in hotel development, they will support our expansion across France.”

About MEININGER hotels:

MEININGER provides the service and comfort of an international budget hotel with a combination of regular and multi-bedded rooms, guest kitchens and game zones. The central location, high quality furnishings and good value appeal to a variety of business and leisure customers. With innovative design and an enthusiastic team supporting it, MEININGER hotels provide a unique hotel experience that has proven popular with guests from across the world.
 
The bedrooms range from traditional double rooms through to rooms with multiple beds and dormitories, and are tailored and adapted to the particular target market the hotel is catering to in a specific location. The unique layout and design of a MEININGER Hotel enables it to cater equally to school groups, families, individual travellers and corporate guests.
 
MEININGER currently operates 16 hotels in Europe, with a total of 2,000 rooms in 1o European cities including Amsterdam, Berlin, Brussels, Frankfurt, Hamburg, Cologne, London, Munich, Salzburg and Vienna.

In the ‘Treugast Investment Ranking 2013’, the MEININGER Group achieved an AA rating. The group is headquartered in Berlin.

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The city of Paris and Cox & Kings owned MEININGER Hotels, have signed an agreement for the first MEININGER hotel in Paris near Porte des Vincennes.

The hotel will be located in the 12th arrondissement of Paris on Avenue Courteline/Boulevard Carnot with excellent transport connections to the centre of Paris. The metro line 1 is close to the hotel and even the tramway T3a is located in walking distance. The MEININGER hotel will occupy a total area of 8,000 m² and contain 200 rooms and is scheduled to open at the end of 2018.

Peter Kerkar, Group CEO of Holidaybreak and Director Cox & Kings Ltd commented: “We are grateful to the City of Paris to have given us the opportunity to enter a new era at MEININGER with its first hotel in France. This agreement demonstrates the confidence and trust Holidaybreak as well as Cox & Kings have in MEININGER and its skilled employees. Holidaybreak and Cox & Kings already send thousands of customers to Paris and are looking forward to have them stay at this exciting hotel.”

Navneet Bali, the CEO of MEININGER Hotels, explained: "MEININGER is an unique hybrid hotel product. MEININGER’s first hotel in France is an important step for our expansion in Europe. MEININGER's aim is to run an "urban traveller's home" in every European capital city. The Paris location is perfect in this respect.”

About MEININGER Hotels:

MEININGER is a wholly owned subsidiary of Holidaybreak Ltd, the European education & leisure specialist activity travel group. Holidaybreak Ltd is is a part of Cox & Kings Ltd. Cox & Kings Ltd is listed on The National Stock Exchange and Bombay Stock Exchange in India and also on Luxembourg Stock Exchange.

Founded in 1999 MEININGER currently operates 7023 beds and 2093 rooms in 16 hotels in 10 European Cities. The unique hybrid concept of MEININGER is based upon combining the service and comfort of a hotel with the uncomplicated nature of a hostel: top locations, high-quality amenities, flexible room structure and reasonable prices. MEININGER is ideally positioned to accomodate business travellers, individual guests, families, school trips & tour groups.

DIRECT LINK