Jochen Werz (DG Hyp), Takuyo Aoyama (Hyatt), Matthias Lowin (Feuring), Bardo Feuring (Feuring), Dr. Kerstin Hennig (Gateway Gardens), Bürgermeister Olaf Cunitz (Stadt Frankfurt am Main), Wolfgang Spohr (Bilfinger), Tim Gemünden (Fa. Karl Gemünden), Andreas Löcher (Union Investment Real Estate), from left to right
On 19 April 2016, the Feuring Group, together with Bilfinger Hochbau GmbH, inaugurated the building site for the new Hyatt Place Frankfurt Airport in Frankfurt Gateway Gardens. Completion of this brand’s first hotel in Germany is scheduled for the first quarter of 2018.
The hotel, with an area of around 19,000 square metres, will be built on a site measuring approximately 3,000 square metres in De-Saint-Exupéry-Strasse 4 in Frankfurt - Gateway Gardens, and will be located directly next to the “Gateway Garden” central park. The hotel has been designed by Hans Dieter Reichel of the architects Reichel + Stauth, Brunswick, and is set to receive LEED SiIver certification. Besides 312 rooms, around 110 underground parking slots will be provided. Access to the stop of the Gateway Gardens metro railway system currently under construction will be located directly in front of the hotel, thus assuring optimum links to Frankfurt’s city centre (approximately 10 minutes and three stops to Frankfurt Main Station) and to the airport (circa 2 minutes and just one stop).
Back in March 2016, Union Investment had signed a forward purchase agreement with the Feuring Group, so as to acquire the hotel after its completion for the open-ended property fund UniImmo: Global. The Feuring Group will be operating the hotel as a lessee for the next 30 years under the Hyatt Place brand.
“The economy in the Rhine-Main region stands for healthy growth, cosmopolitan internationality, and above all dynamism. To make sure things stay that way, and that companies continue to have space for their growth, we have created our new Frankfurt Gateway Gardens commercial district. Our new district is not only vibrant with life, but also, thanks to being situated at Frankfurt Airport, in the heart of Europe, perhaps the most mobile location on the old continent,” to quote Olaf Cunitz, Mayor of Frankfurt am Main.
“The hotel market in Frankfurt, and particularly in the Airport City, is benefiting from the massively increased numbers of passengers at the airport,” explains Matthias Lowin, Managing Director of Feuring. “The Hyatt Place Frankfurt Airport offers an up-to-the-future, attractive room concept, and is thus a unique amenity at the airport. The facades, thanks to generously dimensioned windows down to floor level in all rooms, and the light-flooded public areas of the ground floor, come across as particularly inviting. One striking feature is the location directly next to the park of Gateway Gardens. Which means we will also be offering special park suites with a magnificent view of the scenery.”
“We deeply appreciate being chosen as a partner for this reference property at such a prominent location,” to quote Wolfgang Spohr, branch manager at Bilfinger Hochbau GmbH. “Thanks to its facade design and its carefully chosen overall height, it fits in ideally with the architectural ensemble of Gateway Gardens, without losing its own distinctive identity.”
“In the shape of Gateway Gardens, we have created a rather special kind of district in terms of reachability, city-scaping and internationality. This is confirmed by the continuingly high level of demand. We are delighted that we were able to persuade the Feuring Group of these advantages as well,” says Dr. Kerstin Hennig, Managing Director of the Gateway Gardens property company. “The concept of the Hyatt Place brand is a distinctive enhancement to the district’s concept, and is a wonderful complement to the buildings already in place.”
“We see the Hyatt Place Frankfurt Airport as a promising investment for the future overall, due to its location near the continually expanding airport, the long-term leasing agreement, and the strong, innovative Hyatt Place brand,” says Andreas Löcher, Head of Investment Management Hotel, Union Investment Real Estate GmbH. “We are delighted to note that construction work has begun punctually, so that the first guests can move into their rooms on schedule in early 2018.”
Gateway Gardens, with its 700,000 square metres of planned gross floor area on a site measuring 35 hectares, is one of the largest district development projects in an airport city in Europe. In October 2014, Gateway Gardens was the first commercial district to receive the DGNB Certificate in Gold for its sustainability. Before the end of this year, over 40 per cent of the area will already be marketed.
About Gateway Gardens
Gateway Gardens is the Global Business Village in the heart of Europe; with a planned gross floor area of 700,000 square metres, on a site measuring 35 hectares, it is one of the biggest district development projects at an airport city in Europe. In October 2014, Gateway Gardens was the first commercial district to receive the DGNB certificate for its sustainability. Gateway Gardens is backed by the joint involvement of Fraport AG, Gross & Partner Grundstücksentwicklungsgesellschaft mbH, OFB Projektentwicklung GmbH and the city council of Frankfurt am Main. Since completion of the first building in Gateway Gardens in 2008, 34 per cent of the space has already been marketed. Over 4,500 people are meanwhile working in the companies located there.
Grundstücksgesellschaft Gateway Gardens GmbH
Tel.: +49 (69) 360095 766
Feuring – Visionary Hotel Development was founded in Mainz in 1959. Besides its own development operations, Feuring supports clients in hotel projects, from the idea to the operational phase, advises them on the conception and on the choice of operator, draws up feasibility studies and utilisation concepts, and assists its clients during project development all the way through to turnkey handing-over of the hotel property. So far, Feuring, either on its own account or for investors and hotel companies, has successfully handled the development of more than 400 first-class and luxury hotels in Germany and abroad.
Sandra Rainer-Pöselt, Director Advisory Services
Tel: +49 (0)6131-9822289 Email: firstname.lastname@example.org www.feuring.com
About Union Investment
Union Investment is one of the leading property investment managers in Europe. Its range of solutions covers open public property funds and special funds, plus service and bundling assignments, with a volume of currently around 31 billion euros. Union Investment provides its investors with a stable and at the same time effective platform, one that combines high performance in property purchasing with a value-driven approach to asset management. Its actively managed property portfolio, diversified over 24 national markets and five continents, comprises more than 320 properties in the office, hotel, retailing and logistical segments. With a transaction volume of around 5 billion euros, distributed among 66 purchases and sales, Union Investment once again ranked among the most active investment players in Europe during 2015 as well. Further information under www.union-investment.de/realestate
Fabian Hellbusch, Head of Property Marketing, Communication
Tel. + 49 (0)40-34919-4160 Email: email@example.com
About Hyatt Place
Hyatt Place, a brand of Hyatt Hotels Corporation, combines style, innovation and 24/7 convenience to create a seamless stay with modern comforts. There are more than 240 Hyatt Place locations in the United States, Armenia, Chile, China, Costa Rica, Honduras, India, Mexico, Morocco, Nicaragua, Panama, Puerto Rico, The Netherlands, and United Arab Emirates. To learn more about Hyatt Place hotels, visit www.hyattplace.com
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a proud heritage of making guests feel more than welcome. Thousands of members of the Hyatt family strive to make a difference in the lives of the guests they encounter every day by providing authentic hospitality. The Company's subsidiaries develop, own, operate, manage, franchise, license or provide services to hotels, resorts, branded residences and vacation ownership properties, including under the Park Hyatt®, Grand Hyatt®, Andaz®, Hyatt Regency®, Hyatt Centric™, Hyatt®, Hyatt Place®, Hyatt House®, Hyatt Ziva™, Hyatt Zilara™, Hyatt Residence Club®, Hyatt Residences® and The Unbound Collection by Hyatt™ brand names and have locations on six continents. As of December 31, 2015, the Company's worldwide portfolio consisted of 638 properties in 52 countries. For more information, please visit www.hyatt.com