Scandic Hotels has signed a long-term lease agreement with developers Art-Invest Real Estate and Accumulata Real Estate regarding the operation of a new hotel, Scandic Munich Macherei…
The largest hotel; company in the Nordic countries, Scandic Hotels, will operate the Scandic Munich Macherei, which is expected to open in 2021.
The 234-key hotel will be part of the new area “Macherei”, which will undergo a total transformation, from current industry area to an urban and vibrant neighborhood with space for art and culture, modern offices and open meeting and communication zones. Scandic Munich Macherei is being designed by New York architects HWKN Hollwich Kushner and will be inspired by typical former developed industrial areas such as Brooklyn in New York.
“Scandic Hotels currently has four hotels in operation in Germany.”
“Scandic Munich Macherei is in line with Scandic’s strategy to expand in the largest cities in Germany. Munich is a sought-after city for hotel developments and we are proud to be part of this project that will further raise the awareness of Scandic in Germany,” says Even Frydenberg, President & CEO, Scandic Hotels Group.
Scandic Hotels currently has four hotels in operation in Germany – two in Berlin, one in Hamburg and one in Frankfurt and a second Scandic hotel will also open 2021 in Frankfurt.
“We believe that in Scandic we have found a perfect partner for this project. Scandic has a successful track record of operating prestigious hotels in Germany and will bring a new design edge to the city,” says Dr. Peter Ebertz at Art-Invest Real Estate. “We’re very happy to have entered this agreement and are hoping for future projects together.”
Munich is the third largest city in Germany and a popular business location and financial centre.
Scandic Hotels has 16,000 team members and a network of around 280 hotels in operation and under development in more than 130 destinations. Expanding to Munich confirms the company’s German focus and strategy and the new hotel will be an important addition to Scandic’s hotel portfolio.