Premier Inn opens fourth hotel in Stuttgart: 260 rooms in the Mailänder Platz tower – part of a mixed-use development in the Europaviertel

DJ Premier Inn opens fourth hotel in Stuttgart: 260 rooms in the Mailänder Platz tower – part of a mixed-use development in Europaviertel – STRABAG Real Estate GmbH as a client

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Stuttgart / Frankfurt am Main (pts013 / 03/18/2022/10: 30) – Today, Friday, the 36th Premier Inn Hotel in Germany will open. The Premier Inn Stuttgart City Europaviertel in the Mailänder Platz tower has 260 rooms between 19 and 20 square meters on a total of six floors. There are also 35 underground parking spaces available. Premier Inn’s 103-square-meter coffee shop, 1st Cup, will open in the summer.

The developer of the flagship real estate on Moscow Street 11 is STRABAG Real Estate GmbH, which in April last year sold the entire building to Union Investment’s open-ended real estate fund UniImmo: Deutschland. In addition to Premier Inn, an Adina Apartment Hotel, deli and retail are tenants of the fully rented property. All benefit from the excellent location in the middle of the modern and emerging Europaviertel, from where the main train station and most of the metropolis attractions are within walking distance. The Milaneo shopping center, the city library and the Premier Inn Stuttgart City Center are also located in the immediate vicinity. The house is currently undergoing certification for the DGNB Gold sustainability seal.

Dr Michael Hartung, Chief Investment Officer and CEO of Premier Inn Germany, is proud of this project: “For me, mixed-use buildings or even entire districts are the future. Everyone involved benefits: Investors, because spread risk and achieve higher and more stable returns, hotel guests, because they check in at the best locations in Germany and can therefore walk to all tourist attractions or fairgrounds and of course the city, which creates attractive neighborhoods with short walking distances through mixed use. Our project in Stuttgart is a prime example of this. ”

Axel Möhrle, STRABAG Real Estate Director in Stuttgart, sees the best future prospects for the project: “The result was a very attractive hotel address that improves the long-term location, including through careful selection of tenants. All that remains is for us. it is a lot of joy and always a full house to wish “. With 21 floors above ground and a height of around 60 meters, the “Turm am Mailänder Platz” is one of the most memorable buildings in the city. The Premier Inn occupies the base of the building (from the ground floor to the 6th floor), the Adina la torre apartment (from the 7th to the 21st floor). In February, general contractor ZÜBLIN handed the building over to the operator.

“With the purchase of the hotel tower on Mailänder Platz in the spring of 2021, in the midst of the pandemic, we have expressed our clear and well-known commitment to the German hotel market,” said Martin Schaller, Head of Asset Management Hospitality at Union Investment. “We are delighted to continue our partnership with Premier Inn, which we started three years ago with a hotel project in Edinburgh, in this strong location in Stuttgart’s Europaviertel. We are confident that the Premier Inn and Adina brands will fit perfectly into our will. property fund added “.

About Premier Inn The Premier Inn brand of hotels offers premium quality at budget prices in a prime location. The goal is fantastic sleep for business and leisure travelers. All prices are per room, children up to 15 years included sleep and have breakfast for free. A rich breakfast offers guests an ideal start to the day. After a great start with the first Premier Inn Hotel at the Frankfurt Exhibition Center in 2016, 36 hotels are now in operation across Germany. Overall, Premier Inn has secured 78 locations with around 15,000 rooms in more than 30 major cities and is therefore well on its way to creating an attractive range of hotels across Germany. Premier Inn is part of the traditional Whitbread PLC hospitality company with over 800 hotels and approximately 80,000 rooms. https://www.premierin.de

About Whitbread PLC Founded in 1742, Whitbread PLC is one of the oldest and most respected companies in Europe. As the UK’s leading hotel operator with over 29,000 employees, Whitbread welcomes millions of guests from around the world each month. In addition to the Premier Inn hotel brand, popular throughout the country, the group also includes restaurant chains Bar + Block, Beefeater, Brewers Fayre, Cookhouse + Pub and thyme Bar + Grill. Whitbread PLC is a publicly traded company and is included in the FTSE100 Index and the FTSE4Good Index. https://www.whitbread.com

Press contact: Katrin Kleinhans Senior PR Manager Tel .: +49 151 55067150 E-mail: presse@premierinn.com Web: https://www.premierinn.de

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Sender: Premier Inn Germany Contact: Katrin Kleinhans Tel .: +49 151 55067150 E-mail: Katrin.Kleinhans@whitbread.com Website: www.premierinn.de

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(END) Dow Jones news

March 18, 2022 5:31 am ET (9:31 am GMT)

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