Press Release
New Offices for Gateway Gardens

21.08.2017





In the Airport City, the New Select Service brand from Hyatt adds another hotel to its range

In Gateway Gardens, the new district of the City of Frankfurt, the Hyatt Place Frankfurt Airport is today celebrating its inauguration. The first hotel of this brand in Germany is located in the heart of Gateway Gardens, next to the rapid transit station and the District Park. The hotel is directly linked to the terminals of Frankfurt Airport by a footpath, a shuttle bus, and as from the end of 2019 via the rapid transit network, too.

On an area of around 19,000 square metres, the striking new structure offers 312 rooms, around 110 underground parking slots, a restaurant and a bar, two shops, a 24-hour fitness centre and five meeting and conference rooms with daylight for up to 136 people. The open-plan lobby offers food round the clock in a Gallery Market, including a takeaway option. In the “Zoom Glocal Dining” restaurant, freshly prepared dishes featuring a combination of regional and global ingredients are served. To the rear, the building opens into the “Gateway Garden” public park, with its venerable stock of trees. As from December 2019, the hotel will have direct access to the new rapid transit station of Gateway Gardens. This ensures optimal links to Frankfurt’s inner city and the airport.

The hotel was built on behalf of the Feuring Group by a consortium consisting of Bilfinger Hochbau GmbH and Karl Gemünden GmbH, with construction work beginning in early 2016. Back in March 2016, Union Investment had signed a forward purchase agreement with the Feuring Group for acquiring the hotel after completion for the UniImmo: Global Open Public Property Fund. The Feuring Group will operate the hotel as the lessee for the next 30 years under the Hyatt Place brand.

To quote Matthias Lowin, Managing Director of the Feuring Group: “We’re delighted that as of today we shall be able to welcome our guests in Germany’s first Hyatt Place Hotel. With our innovative concept, we are distinctively different from other providers. The green of the park is echoed in the lobby, with a mix of natural materials, colours and different shades of green, inviting our guests to linger. This unique design concept, and Hyatt’s excellent operational management, make our hotel at the airport into something very special.”

“The Hyatt Place is designed for guests who embrace a dynamic lifestyle, never stand still, and never settle for anything but the best,” explains Jan Peter van der Ree, Managing Director of Hyatt Services GmbH in Germany. “With our “#WhySettle” campaign, we are targeting those who never stand still. We’re also delighted that we can here progress our long-standing and successful collaboration with Feuring.”

Volker Noack, a member of the board at Union Investment Real Estate GmbH, says: “We see the Hyatt Place Frankfurt Airport as an attractive investment for several reasons: these include the proximity to the airport and the long-term tenancy agreement, plus the strong, innovative Hyatt Place brand, which is now represented in our portfolio for the first time.”

“We are very proud that Gateway Gardens is the location for the first Hyatt Place Hotel in Germany,” says Stefan Bockstaller, Project Manager Gateway Gardens at Fraport AG. “The hotel’s concept superbly reflects the internationality and dynamism of Gateway Gardens, and constitutes a striking addition to the overall stock of hotels in both our business district and in Frankfurt as a whole.”

With a planned gross floor area of 700,000 square metres, on a site measuring 35 hectares, Gateway Gardens is one of the biggest district development projects at an airport city in Europe. Gateway Gardens was the first business district to be awarded the DGNB platinum certificate for its sustainability. A marketing ratio of 44 per cent has meanwhile been reached.

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. Gateway Gardens was the first business district 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:

Grundstücksgesellschaft Gateway Gardens GmbH

Public Relations

Tel.: +49 (69) 360095 766          

Email: presse@gateway-gardens.de

www.gateway-gardens.de

 

About Feuring

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.

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 both private and institutional investors a comprehensive investment platform. In open public property funds, special funds and within the framework of service and bundling agreements, we manage assets currently worth around 33.2 billion euros. We invest in the office, retailing, hotel and logistical and residential segments, and our actively managed portfolio comprises more than 365 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 24/7 convenience to create a seamless stay with modern comforts. There are more than 285 Hyatt Place locations in Armenia, Brazil, Canada, Chile, China, Costa Rica, Great Britain, 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. Social Media: Facebook, Instagram, #HyattPlace und #WhySettle.

 

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, 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 September 30, 2017, the Company's worldwide portfolio consisted of 739 properties in 57 countries. For more information, please visit www.hyatt.com.