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Published on : Tuesday, July 4, 2017
Scandic already has two hotels in Berlin and one in Hamburg. This agreement will establish the company in the financial and business metropolis of Frankfurt. The hotel is located in the center of the city, a few minutes’ walk from the train station and about 10 kilometers from the airport.
– Entering Frankfurt is completely in line with our strategy to grow in Germany. Our existing hotels in Berlin and Hamburg have seen a very positive development, a proof that Scandic’s operating model also works really well in the German market, says Frank Fiskers, President & CEO of Scandic.
– Scandic is a strong hotel operator who with their operations in Germany have convinced us that they are the right partner for our hotel. We look forward towards a long and good cooperation and are confident that Scandic will operate the hotel in the best possible way, says Israel Raif, Chairman and CEO at SH.I.R Real Estate.
The hotel is newly renovated and will have 293 rooms as well as a restaurant, bar and fitness center. The hotel is currently being extended with larger restaurant and 700 m2 of meeting space.
Germany is a world leader in trade fairs and congresses and many of the biggest recurring events are held in Frankfurt. The city is the major financial center in Germany and the Frankfurt airport, which is one of the busiest in Europe, will eventually be expanded.