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Scandic Hotels, the largest hotel company in the
Nordic countries, has signed a long-term lease agreement with
developer B&L Group regarding the operation of a new hotel in
Frankfurt.
The conference and event hotel will be part of the new
"Hafenpark Quarter", a mixed-use development on the banks of the
Main river, close to the city center and next to the new
headquarters of the European Central Bank (ECB). It is expected
to open in 2021.
The new hotel will encompass 22,000 m2 and have 506 rooms and
2,000 m2 of state of the art conference and event space. It will
also offer an attractive restaurant and bar, excellent modern
fitness facilities as well as one of the largest ballrooms in
Frankfurt at 600 m2.
- This is an amazing opportunity for Scandic Hotels. Frankfurt
is a major financial center and global commercial hub. We expect
the new hotel to perform well on the market due to its many
revenue streams and great location next to the ECB, says Michel
Schutzbach, Country Manager Germany at Scandic Hotels Europe.
- The hotel in Hafenpark is in line with Scandic’s strategy to
expand in the largest cities in Germany. The addition of this
second hotel in Frankfurt will not only raise awareness of
Scandic, but also consolidate our presence in the German market,
creating synergies with the Scandic Frankfurt Museumsufer that
will open in February. The two hotels complement each other well
and they will also boost our operating performance and market
share, says Even Frydenberg, President & CEO, Scandic Hotels
Group.
- We believe that we in Scandic have found a perfect partner for
this project. Scandic has a successful track record of operating
large conference hotels and we’re very happy to have entered
this agreement and looking forward to future projects together,
says Thorsten Testorp, Managing partner at B&L Group.
Scandic Hotels has great experience when it comes to conference
hotels, especially in Germany. Scandic Hamburg Emporio was
awarded best hotel in the "Conference Hotel" category and came
second in the "Business Hotel" category in 2016, and it was
nominated again in 2017.*
This is of high importance since Germany is the world leader in
trade fairs and congresses. Around two-thirds of the world’s
leading trade fairs take place in Germany and many of the
biggest recurring events are held in Frankfurt. The city is the
major financial center in Germany and Frankfurt Airport, which
is one of the busiest in Europe, will be expanded to include a
third terminal with capacity for 15 million travelers a year.
The new terminal is expected to open in 2023.