Radisson Hotel Group has signed the first Radisson Red hotel in Germany with developer Gerchgroup.
Elie Younes, EVP & CDO, Radisson Hotel Group, said: "Radisson Red is a very relevant brand for owners and guests. It perfectly fits the market in Cologne and will add a further vibe to its social scene. We look forward to the partnership with the Gerchgroup and thank our partners for their trust.”
Marc K. Thiel, chief transaction officer, Gerchgroup, said: “Based on huge demand from national and international operator chains right from the outset, we were able to look into several exciting concepts. Ultimately, Radisson Hotel Group won us over with its new and innovative Red brand. We are extremely happy to be able to realise this hotel project with such a renowned partner. It is also a wonderful for the city of Cologne to experience this kind of hotel in this location."
The agreement extends the Radisson Red portfolio to more than 40 hotels in operation or under development.