Gateway Gardens holds topping-out ceremony for the first Hyatt Place hotel in Germany

New select service brand from Hyatt to open in early 2018





On 2 March 2017 the Feuring Group, together with Union Investment and ARGE, consisting of the construction company Bilfinger Hochbau GmbH and Karl GemündenGmbH in De-Saint-Exupéry-Strasse 4, held the topping-out ceremony for the new HyattPlace Frankfurt Airport in Frankfurt Gateway Gardens. Completion of this brand's firsthotel in Germany is scheduled for the first quarter of 2018.

The striking new building is located at the intersection of Bessie-Colemann-Strasse and De-Saint-Exupéry-Strasse, one of the most important intersections inside GatewayGardens. On an area of about 19,000 square metres, the hotel will be offering 312 rooms, underground parking for approximately 110 cars, and two shops. Access to the Gateway Gardens station of the rapid transit railway currently under construction will bedirectly in front of the hotel, thus ensuring an optimum connection to Frankfurt's innercity and the airport.

It was back in March 2016 that Union Investment signed a forward purchaseagreement with the Feuring Group to acquire the hotel upon completion for the UniImmo: Global open public property fund. The Feuring Group will be operating thehotel as the lessee for the next 30 years under the Hyatt Place brand.

Matthias Lowin, Managing Director of the Feuring Group, opened the ceremony, afterwhich Oliver Schwebel, Managing Director of Frankfurt Economic Development GmbH (Wirtschaftsförderung Frankfurt), conveyed greetings from the civic administration of Frankfurt am Main. Following subsequent speeches by Benno Geruschkat, Managing Director of Hyatt Services GmbH in Germany, and Volker Noack, a member of the board of management at Union Investment Real Estate GmbH, the foreman of theconstruction company Bilfinger Hochbau GmbH gave the ceremonial address requiredby tradition.

"With its innovative spatial concept, the Hyatt Place Frankfurt Airport creates something unique at Frankfurt Airport. The hotel helps to close the gap in provision created inrecent years by the enormous increase in passenger numbers at Frankfurt Airport,"explains Matthias Lowin, Feuring's Managing Director. "Our large corner rooms offerour guests magnificent views of the Gateway Gardens park. The brightly lit public areason the ground floor will provide a welcoming entrance for our guests."

To quote Oliver Schwebel, Frankfurt Economic Development GmbH: "We are delighted that our new Gateway Gardens business district will be the home of the first Hyatt Place hotel in Germany. This enriching addition to Frankfurt's array of hotels isattributable not least to the location of Gateway Gardens, and shows that Frankfurt and the Rhine-Main region stand for healthy growth and internationality."

"Frankfurt's new Gateway Gardens district, situated directly at the airport, continues togrow. The concept of the Hyatt Place Hotel fits in superbly with the distinctive flair of this district in terms of reachability, sophisticated urban planning, and internationality," to quote Stefan Bockstaller, Project Manager Gateway Gardens at Fraport AG." Another important aspect that proved persuasive for the Feuring Group is the rapidtransit railway station under construction in the immediate vicinity, which will provide adirect link to Frankfurt's inner city and the airport terminals. With the new rapid transitconnection, the terminals can be reached in two minutes, Frankfurt main station ineight minutes, and the European Central Bank in 15 minutes."

"In Frankfurt's inner city, we so far have three hotels from our international stock. Uponcompletion, the new Hyatt Place Frankfurt Airport will be an ideal complement for this local portfolio," says Volker Noack, a member of the board of management at UnionInvestment Real Estate GmbH.

To quote Benno Geruschkat, Managing Director of Hyatt Services GmbH in Germany:"Hyatt can look back on a long-standing, exceptionally successful collaboration with Feuring. The Hyatt Place Frankfurt Airport, following the successful completion of the Hyatt Regency in Düsseldorf, is now our latest joint development project, and one weare delighted to be sharing.

"Gateway Gardens, with 700,000 square meters of planned gross floor space on anarea of 35 hectares, is one of the largest district development projects at an Airport City in Europe. Gateway Gardens was the first commercial district to receive the DGNB certificate in platinum for its sustainability. A marketing ratio of 44 per cent hasmeanwhile been achieved.





 

About Feuring

Feuring - Visionary Hotel Development was founded in Mainz in 1959. Besides its owndevelopment operations, Feuring supports its clients in hotel projects, from the idea tothe operational phase, advises them on the conception involved, and on the choice ofoperator, draws up feasibility studies and utilisation concepts, and assists its clients during project development all the way through to turnkey handing-over of the hotelproperty. 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 hotelsin Germany and abroad.

Press contact:

Sandra Rainer-Pöselt, Director Advisory Services

Tel. +49 (0)6131 9822289                 

Email: s.rainer@feuring.com

www.feuring.com

 

About Union Investment

Union Investment stands for foresightful property investments worldwide. We offer bothprivate and institutional investors a comprehensive investment platform. In open publicproperty funds, special funds and within the framework of service and bundlingagreements, we manage assets currently worth around 31.8 billion euros. We invest inthe office, retailing, hotel and logistical segments, and our actively managed portfoliocomprises more than 350 properties in 23 different countries.

Press contact:

Fabian Hellbusch, Head of Property Marketing, Communication

Tel.: + 49 (0)40 34919-4160          

Email: fabian.hellbusch@union-investment.de

www.union-investment.de/realestate

 

About Hyatt Place

Hyatt Place, a brand of Hyatt Hotels Corporation, combines style, innovation and 24/7convenience to create a seamless stay with modern comforts. There are more than 270 Hyatt Place locations in Armenia, Brazil, Canada, Chile, China, Costa Rica, the United Kingdom, Honduras, India, Mexico, Morocco, Nicaragua, Panama, Puerto Rico, Thailand, the Netherlands, the United Arab Emirates and the United States of America. For more information, please visit www.hyattplace.com. Guests can link their posts with#HyattPlace and #WhySettle on Facebook and Instagram.

 

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 gueststhey 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, under the 13 premium brand names Park Hyatt®, Miraval®, Grand Hyatt®, Hyatt Regency®,Hyatt®, Andaz®, Hyatt Centric™, The Unbound Collection by Hyatt™, Hyatt Place®, Hyatt House®, Hyatt Ziva™, Hyatt Zilara™, Hyatt Residence Club®. As of December31, 2016, the company's worldwide portfolio consisted of 698 properties in 56 differentcountries. For more information, please visit www.hyatt.com.

 

About Gateway Gardens

Gateway Gardens is an international business quarter directly adjacent to Frankfurt International Airport. Situated in the heart of Europe, one of the continent’s biggest quarter development projects in an airport city is taking shape here, with total floor space of 700,000 square metres on an area of 35 hectares. Gateway Gardens was the first business quarter to be awarded 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 Frankfurt am Main City Council. Since completion of the first building in Gateway Gardens in 2008, 44 per cent of the space has already been marketed. Meanwhile, there are around 5,000 people working at the companies located in Gateway Gardens.

 

Press contact:

Dietmar Müller, Press Spokesperson Gateway Gardens

(DAFKO Deutsche Agentur für Kommunikation GmbH)

Tel.: +49 173 6733538          

Email: mueller@gateway-gardens.de

www.gateway-gardens.de