6 October 2015
Premier Inn set to come to Munich in second Germany deal
Premier Inn has confirmed a deal for a new site in Munich, its second in Germany as it expands into the new market.
Premier Inn has secured the freehold for a new build, 200 bedroom hotel in Munich city centre at Sonnentrasse between Karlsplatz and Sendlinger Tor. The new hotel will be owned and operated by Premier Inn.
Construction will start mid 2016 and opening is planned for late 2018/early 2019.
Premier Inn announced plans to expand into Germany in 2014 and currently has one site in development in Frankfurt (Europaviertel), scheduled to open in spring 2016.
The target is to open 8 to 10 hotels in prime locations in the biggest cities in Germany in the next few years.
Mark Anderson, Managing Director – Property, Commercial and Premier Inn Germany, said: “Securing another prime site like this is great news as we look to build our business in Germany. This Munich deal puts us right into the centre of a vibrant city for business and leisure travel and within walking distance of the train station and all the important sights and attractions of central Munich.”
Notes to editors:
Whitbread PLC is the owner of the UK’s favourite hotel chain, Premier Inn and the UK’s favourite coffee shop, Costa, as well as restaurant brands, Beefeater, Brewers Fayre, Table Table and Taybarns.
Whitbread PLC employs over 45,000 people in more than 2,200* outlets across the UK, with its well-loved brands making every day experiences special for over 25 million UK customers every month.
Whitbread has outlined growth milestones for 2016, 2018 and 2020. The 2020 milestones are to increase the number of Premier Inn UK rooms to around 85,000 and to achieve global system sales of around £2.5bn for Costa.
At Whitbread we are committed to being a force for good in the communities in which we operate. Our CR programme, 'Good Together' is focused on the three pillars of Team & Communities, Customer Wellbeing and Energy & Environment.
In the year ended 26 February 2015, Whitbread PLC reported a 13.7% increase in Group Revenue to £2,608.1 million and Underlying Profit before tax of £488.1 million up 18.5%.
Whitbread PLC is listed on the London Stock Exchange and is a constituent of the FTSE 100. It is also a member of the FTSE4Good Index.
*excludes Costa Franchise stores and Costa Express