Radisson Hotel & Suites Amsterdam South
Set to open in 2021: Radisson Hotel & Suites Amsterdam South
Cycas Hospitality has signed a lease agreement with ECHO Partners to operate its first Radisson-branded property; the Radisson Hotel & Suites Amsterdam South.
Photo by Radisson Hotel Group
When it opens in early 2021, the 227-suite Amsterdam aparthotel - which was recently acquired for the ECHO Fund - will become the first all-suite property to operate under the upscale Radisson brand in Western Europe.
To appeal to both transient and longer-staying travellers visiting the Dutch capital, each of the studio, one-bed and two-bed apartments has its own fully-equipped kitchen. Other facilities at the canal-front hotel include a gym, on-site bar and restaurant with outdoor terrace seating, plus underground parking for 70 cars.
Located in Amstelveen to the south of the city, the 10-storey hotel is within walking distance of the international companies who have their headquarters in Amsterdam's booming district, such as KPMG, KLM and Canon. With great transport links to the Zuidas central business district (3km), city centre (6km) and Schiphol Airport (8km), the property is well placed to cater for the growing demand for extended-stay accommodation options in this part of the city amongst project workers and relocating employees.
About ECHO Partners AG
- ECHO Partners AG ("ECHO Partners"), based in Wollerau, Switzerland, invests in hotels, which are located in leading Continental European tourist destinations, such as Vienna, Amsterdam or Budapest and relies on long-term tourism trends.
- We are identifying and purchasing hotels with a purchase price in the EUR 10-70MM range and a target acquisition yield at or above 5%. The ECHO Fund is the first investment fund of ECHO Partners to implement this strategy.
- For more information, visit www.echopartners.fund.