IntercityHotel is developing a new hotel on the south side of Frankfurt Central Station in Germany.
The 414-room IntercityHotel Frankfurt Hauptbahnhof Süd will be the largest property to operate under the brand name. The hotel is expected to begin operating on Dec. 1, earlier than the previously scheduled opening in the first quarter of 2019. CA Immo Deutschland owns the hotel while IntercityHotel will operate it under a lease agreement.
Italian architect Matteo Thun has designed the interiors of the IntercityHotel Frankfurt Hauptbahnhof Süd. The property is near mainline trains, bus services, regional and local public transport, Frankfurt's Trade Fair Centre and airport. The hotel is part of the urban development plan for the area extending along the south side of Frankfurt Station.
The hotel will be IntercityHotel's second in Frankfurt, joining the 360-room IntercityHotel Frankfurt Airport. The company has another 35 hotels operating across Germany.
IntercityHotel’s pipeline in Germany includes a new property planned for Flensburg. The new-build IntercityHotel Flensburg will have 152 guestrooms at the city’s main railway station once it opens in 2020. IntercityHotel signed a lease agreement with partner company Jara Grundstücksentwicklungsgesellschaft to operate the hotel.
Al Zaman Group acquired four of IntercityHotel properties in Germany from real estate investment manager Invesco Real Estate this past March. The hotels in Darmstadt, Mainz, Rostack and at Frankfurt Airport increased Al Zaman Group's inventory to nearly 1,000 guestrooms.
Deutsche Hospitality operates the hotels under 30-year hybrid leases. The portfolio buy was part of Al Zaman Group's strategy to invest in new or recently renovated hotels managed by an established international operator via long leases.