Europe’s largest Holiday Inn Express coming to Cologne – GBI AG to convert 18-floor office block
Operator: Foremost Hospitality
323 rooms in a new design are under development at Perlengraben in the south of Cologne’s Old Town / Opening scheduled for early 2017 / Former high-rise Gothaer Versicherung building to be totally gutted / Lease agreed for 25 years
Several developers had a bout in recent years to develop this centrally located landmark in the cathedral city, but to no avail. "Our project development is ideally suited for this property. We have analysed the location in detail, and all the required arrangements are already in place“, Reiner Nittka explains. GBI AG acquired the property late last year and signed a long-term lease with the Foremost Group. "This is the continuation of a very successful cooperation between GBI AG and Foremost following our joint hotel projects in Nuremberg and Frankfurt," Hubert van de Loo points out. Foremost Hospitality as a strategic partner of the InterContinental Hotels Group (IHG) develops a portfolio of 20 hotels of the Holiday Inn Express brand in Germany. Holiday Inn Express with over 2300 hotels worldwide is one of the fastest growing hotel brands for both business and leisure travellers.
The Holiday Inn Express in Cologne will offer a new generation of guest rooms with a new design, an improved layout, higher sound insulation, complete LED lighting and larger beds. It also includes height-adjustable laptop tables, ergonomic chairs, Internet TVs individually usable with personal video streams, as well as premium bathroom fittings. There is also a new design of the entrance and reception areas with individual check-in desks, business workstations complete with PCs plus a contemporary modern Express Cafe & Bar. In Cologne’s Holiday Inn Express also the concept of a food and beverage offer around the clock will be implemented. The staff will prepare hot and cold dishes "à la minute" for the guests.
About GBI AG Gesellschaft für Beteiligungen und Immobilienentwicklungen (company for investments and property developments)
GBI AG develops property projects primarily in the areas of hotel and housing construction, either on its own or with partners. Since the company was founded in 2001, hotel and apartment projects worth approximately one billion euros could be sold and/or placed. Since 2010, GBI AG has stepped up its commitment to the development and construction of student apartments. Under the brand name “SMARTments“, more than 1,700 apartment places have been completed or are planned for Hamburg, Frankfurt/M., Darmstadt, Mainz and Cologne by 2016. Meanwhile, two other project development areas have emerged within the SMARTments line of brands: SMARTments business and SMARTments living. Parent companies of GBI AG with 50% participation each are Frankonia Vermögensverwaltungs- und Beteiligungsgesellschaft (asset management and investment company) and Moses Mendelssohn Vermögens-Verwaltungsgesellschaft GmbH & Co. KG (asset management company). Board Members of GBI AG are Ralph-Dieter Klossek (Spokesman for the Board), Reiner Nittka, Markus Beugel, Engelbert Maus and Gerrit M. Ernst.
About Foremost Hospitality
Foremost Hospitality specialises in the development and management of target-group specific hotels in Germany and Europe. Currently the Foremost Group develops and operates in cooperation with the InterContinental Hotels Group and Hilton Worldwide a portfolio of 20 Holiday Inn Express Hotels and ten Hampton by Hilton hotels in Germany. For excellence in service standards and high guest satisfaction Foremost Hospitality has received several awards from the InterContinental Hotels Group.
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Phone: +49 221 – 29219282