Construction has commenced on this very first double hotel project by Foremost Hospitality. The city of Nuremberg will soon benefit from an 80 bedroom Hampton by Hilton and a 124 bedroom Holiday Inn Express Hotel within walking distance of the main station.

"The Foremost Group has always wanted to develop these two brands in this city," says Hubert van de Loo, Managing Director of the Foremost Group. The group has analyzed the market in depth and believes that the hotels will be very successful here. "This is our first double project and shall set the benchmark for future developments," says Mr. van de Loo.

The hotels will be located in close proximity to both the main station as well as the city centre. Both hotels will feature their brand signature offerings, with a breakfast area, a bar, a business centre as well as modern amenities in the guest rooms such as flat screen TVs, complimentary tea and coffee making facilities and power showers. The Hampton by Hilton will also provide a fitness area for the guests to enjoy. The hotels are designed and styled to appeal to business and leisure travelers, offering best-in-class service and comfort.

With an investment volume of around 19 million Euros, the Real Estate investor and developer GBI AG is realizing this project together with the Foremost Group. Management committee member Rainer Nittka says, "With this project we are filling one of the last big construction sites in Nuremburg's city centre. By building two internationally renowned brands such as Hampton by Hilton and a Holiday Inn Express, we are creating a lively and successful hotel district in the heart of the city."

About GBI AG:
The GBI AG, a company for real estate investments and developments, was founded in 2001 as a limited company and restructured in the summer of 2007 to the GBI AG. Parent companies of the GBI AG are with 50 % interest the Frankonia asset management and Investment Company, and Moses Mendelssohn asset management company GmbH & Co. KG. Specializing in hotel real estate, the GBI realizes hotel and apartment projects in Germany either alone or with partners. Overall, all far projects have been placed or sold. The projects have been implemented with a volume of around 500 million Euros. GBI AG has intensified their involvement in the development and construction of student apartments since 2010. Under the name "Smart Apartments - the student apartments of Moses Mendelssohn Foundation" around 1,000 apartment spaces are planned in Hamburg, Frankfurt / Main , Darmstadt , Mainz and Cologne by 2015. The board of the GBI AG includes Ralph-Dieter Klossek (CEO) and Reiner Nittka.

About Foremost Hospitality:

Following the owner-operated business model the Foremost Group specialises in the

development and management of bespoke and branded hotels throughout Germany and Europe. Currently, Foremost is developing a portfolio of Holiday Inn Express and Hampton by Hilton Hotels in Germany, under license from the InterContinental Hotels Group (IHG) and Hilton Worldwide.

Terri Layden
Communication Officer
+49 (0)30-5858 383-80
Foremost Hospitality HIEX GmbH