Provast and MEININGER Hotels have been awarded the bid for a new hotel in Amstel Station, Amsterdam
MEININGER Hotels and Provast have signed a long-term lease agreement for the Amsteltower. Provast bid for a tender issued by the City of Amsterdam for a mixed-use project to build a residential and hotel building. The hotel section of the building, which is to be located near the Amstel Station in Amsterdam, covers an area of 7,500 m² and has 165 rooms is going to be a MEININGER Hotel.
As Navneet Bali, CEO of MEININGER Hotels, explains, "MEININGER is a unique hybrid hotel product. The hotel next to Amstel Station is going to be an important step for our expansion in Europe. MEININGER's aim is to run an 'urban traveller's home' in every European capital city. The Amstel Station location is perfect in this respect."
Hans de Jong, who is Managing Partner at Provast, adds, "MEININGER Hotels has a well thought-out concept and is rapidly expanding throughout Europe. We are extremely pleased to have this opportunity to develop this project with MEININGER. The combination of a 100 meter high residential tower and the MEININGER Hotel will give the Amsteltower an extremely robust identity."
The Amsteltower project programme covers 21,500 m²: 7,500 m² for the MEININGER Hotel, 192 apartments and 500 m² for retail.
Hannes Spanring, Head of Projects at MEININGER hotels about the spirit at MEININGER: "People of all ages and backgrounds socialise in the spacious common areas such as the guest kitchen, the game zone, the lounge and the bar in an exceptionally relaxed atmosphere. Each hotel is individually designed with its own theme. That's how we are creating a small universe with a personality of its own - a home away from home."
This is going to be the second MEININGER hotel in Amsterdam since MEININGER opened its first hotel in Amsterdam, City-West in 2012.
Berkenholt Vastgoed advised MEININGER Hotels on the lease. The project investment
volume amounts to approximately €70 million.
Information on Provast
Provast is the leading innovative (re)development specialist in the field of inner-city residential, work, shopping and accommodation projects. Since 1985 Provast has developed high-quality and sustainable real estate on the basis of passion, craftsmanship and entrepreneurship.
About MEININGER Hotels
MEININGER is a subsidiary of Holidaybreak Ltd, a travel group specializing in educational and activity holidays. Holidaybreak Ltd is a subsidiary of Prometheon Holdings (UK) Ltd, which is a part of Cox & Kings Ltd. Cox & Kings Ltd is listed on the National Stock Exchange, the BSE Ltd in Mumbai.
MEININGER is a unique hotel product that combines the service and comfort of an international budget hotel with extra facilities, such as a guest kitchen and a games zone. The central location, high quality furnishings and fair prices appeal to people of all ages and backgrounds. With the right dose of MEININGER humor and an enthusiastic team, MEININGER hotels, with their guests from all over the world, become a real home away from home.
The bedrooms range from traditional double rooms through private rooms with multiple beds right down to a bed in a dorm room. The hotels are tailored and adapted to the specific location and the market served by the hotel. The unique and flexible design of each hotel makes it possible to appeal to various target groups alike, such as school groups, families, individual travelers and corporate guests.
MEININGER currently operates 24 hybrid hotels in Europe, with a total of 12,662 beds in 14 European cities including Amsterdam, Berlin, Brussels, Copenhagen, Frankfurt/Main, Hamburg, Leipzig, London, Milan, Munich, Salzburg, Saint Petersburg, Rome and Vienna. Contracts for 13 new hotels in Bordeaux, Brussels, Budapest, Dresden, Geneva, Glasgow, Heidelberg, Lyon, Munich, Paris, Zurich, Innsbruck and Washington DC have already been signed. MEININGER has ambitious plans for growth - in this regard, the focus is no longer only on Europe - possibilities for an expansion to Asia is also being sounded out.
In the 'TREUGAST Investment Ranking 2016', the MEININGER Group achieved an AA rating. In the Dun & Bradstreet Risk Assessment MEININGER (Hotels Limited) is rated 5A 1 (based on end of FY 18). The MEININGER group is headquartered in Berlin.
www.meininger-hotels.com