Industry Update
Press Release22 July 2016

MEININGER to open Leipzig Hotel in 2017

MEININGER to open a hotel in Leipzig at the beginning of 2017

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MEININGER Hotels

MEININGER Hotels will open a hotel in close proximity to Leipzig's main station at the beginning of 2017. The former ibis Hotel from the Accor Group will be converted in accordance with MEININGER standards and will ultimately have 404 beds available in 126 rooms.

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The hotel is located in the centre of Leipzig and is the perfect starting point from which to explore the city. Numerous places of interest, such as the opera, the Gewandhaus concert hall, or the publishing district are in the immediate vicinity of the hotel. There is also an enormous range of shops. The important shopping streets Petersstraße, Grimmaischer Straße and Hainstraße are just a short walk away. Owing to its proximity to the main station, the hotel can be easily reached on public transport.

The existing building and the former ibis Leipzig City will be developed in accordance with MEININGER standards. The hotel was closed in March 2016 and, after a thorough refurbishment, it will re-open as a MEININGER hotel. The building has a gross floor area of 4,102 sq m and will have 126 rooms and 404 beds available across 8 storeys. The well-appointed rooms will have a TV, free wifi, USB sockets and en-suite bathrooms with high-quality fittings. The flexible room structure of MEININGER Hotels means that the accommodation options will range from traditional double rooms through private rooms with multiple beds right down to a bed in a shared dorm room. All the public spaces, such as the lobby, lounge, bar, breakfast room and terrace will be located on the ground floor of the building, as will the guest kitchen and games zone, which are also typical features of a MEININGER hotel. In the well-equipped guest kitchen customers will be able to prepare their own meals at any time, day or night. Moreover, the kitchen will also have a washing machine and a dryer.

Art in Progress

The design of each MEININGER hotel is based on a specific theme. In this way a place of warm personality emerges where guests feel comfortable and willing to share their experiences. In Leipzig, the basis for the local connection was, in particular, the diverse and modern art and cultural scene, which inspired the 'Art in Progress' theme. This will be realised by the architects Bruzkus Batek Architekten who are responsible for the planning and implementation of this project's interior design.

MEININGER currently operates 16 hotels in 10 European cities and is still on course for expansion with the target of having a presence in all the important large European cities within the next few years. The unique MEININGER concept is based on combining the service and comfort of a hotel with the relaxed atmosphere of a hostel: a central location, high-quality furnishings, flexible room structure and fair prices. The MEININGER hotel in Leipzig is an excellent addition to the MEININGER portfolio.

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MEININGER

Founded in 1999 MEININGER is currently operating 16 hotels in 10 European cities with in total 2065 rooms. The unique hybrid concept of MEININGER is based upon combining the service and comfort of a hotel with the uncomplicated nature of a hostel: top locations, high-quality amenities, flexible room structure and reasonable prices.
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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

Contact
Anja Kühnel
MEININGER Hotels
Phone: +49 (0)30 666 36 171
Fax: +49 (0)30 666 36 222
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