Hyatt Hotels Corp. has opened the Andaz Munich Schwabinger Tor, a first for the brand in Germany and the third Andaz in Europe.
The hotel has 277 loft-inspired suites and guestrooms, several dining venues (including a rooftop bar and coffee bar) a spa with a 15-foot swimming pool and a 24-hour gym. The property has more than 21,530 square feet of space for meetings and events, including seven studios, two private kitchens for culinary functions, a 2,150-square foot exhibition space and a 5,380-square-foot ballroom.
Munich’s hotel inventory is expected to grow by 39 new properties and 7,397 rooms by 2020—a 15.4-percent increase to the market’s existing supply, according to STR.
The city’s hotel-room inventory has increased 11.3 percent since the end of 2015. Currently, the Munich market has 463 hotels and 47,880 rooms, making it the third-largest hotel market in Germany. Berlin and Frankfurt rank first and second with 73,211 rooms and 48,507 rooms, respectively.
Christian Strieder, STR’s manager for Germany, Austria and Switzerland, said Munich’s performance has shifted in recent years amid significant supply growth, and that event and conference business tends to play a key role in Munich’s hotel business. With this in mind, properties with large event facilities—like the new Andaz—will be poised to cater to growing demand.