New Steigenberger Hotel Near German Chancellery

Frankfurt/Main, 16 November 2011 - A new Steigenberger Hotel is about to be built in the German capital. The Steigenberger Hotel Group First Class Hotel will be located in Berlin’s rapidly growing Europacity district near to the main railway station and Chancellery and will open its doors in the first half of 2014. Construction works are scheduled to begin in 2012 on an establishment which will have 340 rooms and suites and a large conference area as well as boasting high-quality health and beauty spa facilities. Various gastronomic outlets are also planned. Arco Buijs, CEO of Frankfurter Steigenberger Hotels AG, believes that the new Steigenberger location is a perfect match for the company’s expansion strategy. “A hotel in the vicinity of the Chancellery will provide us with high-profile representation and enable us to commit ourselves to a market which continues to enjoy excellent growth”. Steigenberger will operate the hotel on a 20-year lease.

The project’s investor and developer is PORR Solutions Deutschland GmbH, part of the Vienna-based PORR Group. PORR Solutions is investing around €75 million in the construction of the new hotel. “We are delighted to be able to act on behalf of one of Europe’s leading hotel brands in realising this project in an A1 location in Berlin”, comments Christian Berger, Managing Director of PORR Solutions Deutschland GmbH.

The site in the Europacity district on which the hotel will stand is located to the South of the main railway station and has been acquired by PORR Solutions from CA Immo. For CA Immo Berlin Head Henrik Thomsen, the future Steigenberger Hotel represents a further important milestone for the new Europacity. Virtually all the district’s sites to the South of the main station are now under development. “The decision to construct a luxury hotel shows just how positively the location is viewed, and the direct links to the new airport have made it an even more attractive prospect.”

Steigenberger Hotels AG: Steigenberger Hotels AG is one of Europe’s leading hotel groups. The company’s Head Office is located in Frankfurt am Main, and it operates 79 hotels in Germany, Austria, Switzerland, the Netherlands and Egypt. The umbrella brand Steigenberger Hotel Group includes the two brands Steigenberger Hotels and Resorts (47 individual First Class and Deluxe Hotels) and InterCityHotel (32 hotels in the upper mid-range category located in the direct vicinity of transport hubs such as railway stations and airports).

PORR Solutions Immobilien- und Infrastrukturprojekte GmbH

PORR Solutions Immobilien- und Infrastrukturprojekte GmbH is the project development arm of the PORR Group and covers the full spectrum of project development expertise. The company accords top priority to holistic solutions, innovative concepts, entrepreneurial know-how, adherence to deadlines and the highest level of quality of implementation across the whole of the project life cycle. The comprehensive range of services provided includes acquisition and project development as well as extending to encompass operations and facility management. This enables PORR Solutions to guarantee sustainable and professional implementation of all project areas from a single source. The company is currently involved in the execution of projects to a total value of €1.2 billion in seven countries.

CA Immo CA Immo Deutschland forms part of the European property investor CA Immo, a company listed on the Vienna stock exchange. The CA Immo Group holds property assets of around €5 billion, making it a major European player within the sector. The group’s core expertise is concentrated in two main areas – management of existing properties within its portfolio and project development involving the creation of high-quality properties extending as far as whole city districts.

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