Expanding Premier Inn Germany business completes deals for four new hotels in Düsseldorf, Hamburg and Stuttgart
Premier Inn announced today that it has completed deals to secure four new sites as it continues to build its portfolio in Germany.
The company is announcing new hotels in Düsseldorf, Hamburg (two sites) and Stuttgart taking the total number of open and committed hotels in Germany to ten.
Premier Inn announced plans to enter the Germany market in 2014 and, with ten sites and 2,200 bedrooms now open or secured for the development pipeline, is building real momentum.
The four new sites being announced are:
- Düsseldorf: a 297 bedroom hotel at the central station
- Hamburg (Reeperbahn): a c.225 bedroom hotel close to the Dom
- Hamburg (Nordkanalstraße): a c.280 bedroom hotel
- Stuttgart: a 275 bedroom hotel in the lower part of the ‘Turm am Mailänder Platz’ development
All four sites are new-build hotels and will be developed in conjunction with development partners*.
Premier Inn’s growing Germany portfolio is primarily freehold (seven of the ten hotels are freehold) and, as in the UK, Premier Inn has the flexibility to do freehold or leasehold deals to unlock the best locations.
Mark Anderson, Managing Director Property & Premier Inn International at Whitbread, said: “These four new deals give our growth plans in Germany real momentum and we’re well on track to hit our target of 6-8 hotels open by 2020. The Germany market is attractive and presents exciting opportunities meaning we’re looking to accelerate our growth and are targeting another 10+ sites in premium locations.”
Ian Biglands, Development Director at Premier Inn Germany, said: “We now have 10 sites open or secured in Germany which reflects the quality of our property product and what our hotels can offer. We’re actively looking for more centrally-located plots and development opportunities in line with our expansion plans and are keen to hear from potential business partners.”
The four new sites increase Premier Inn Germany’s portfolio of trading or secured bedrooms to more than 2,200 bedrooms.
Premier Inn is particularly interested in new sites in Berlin, Cologne and Munich and has additional new hotel requirements in other cities across Germany.
In support of its growth plans, Premier Inn Germany has also recruited a new Head of Acquisitions, Chris-Norman Sauer. Chris-Norman joins from GBI AG where he was Head of Development.
* Premier Inn’s development partners on these four new-build hotel sites are developers:
- GBI AG – for the sites in Düsseldorf and Hamburg (Nordkanalstraße)
- Strabag AG – for the sites in Hamburg (Reeperbahn) and Stuttgart
About Premier Inn in Germany
To date, Premier Inn has scored very positively on its roll out in Germany:
- Premier Inn has consistently held the top position in the Trip Advisor ranking for Frankfurt hotels since opening its Frankfurt Messe hotel in February 2016.
- The Frankfurt Premier Inn also received the 2017 TripAdvisor Certificate of Excellence earlier this summer.
- Roughly 250 reviews attest to the excellent performance of the hotel team and confirm that Premier Inn’s Premium Economy concept product is very well received in Frankfurt.
The current portfolio of six open and trading or secured Premier Inn hotels in Germany includes:
- Premier Inn Frankfurt Messe, 210 rooms, opened in February 2016
- Hamburg, Hamburg Heights, c. 185 rooms, opening planned for 2018
- Munich, Sonnenstrasse, c. 200 rooms, opening planned for 2018
- Leipzig, central station / old town, 182 rooms, opening planned for 2019
- Freiburg, central station, 180 rooms, opening planned for 2019
- Essen, central station, 193 rooms, opening planned for 2019
About Premier Inn
Premier Inn was named the UK's top-rated travel brand 2016 and the top-rated hotel chain for 2016 according to Which? With over 750 budget hotels and 70,000 rooms across the UK and Ireland, Premier Inn guests are never far from a great night's sleep at fantastic value rates. Premier Inn hotels are in more locations than any other UK hotel brand for the ease and convenience of leisure and business travellers alike.
All Premier Inn bedrooms feature en-suite bathrooms, a luxurious Hypnos® bed, a choice of pillows, TV with Freeview and free Wi-Fi. A bar and restaurant is situated either on-site or next door to each hotel, offering a wide range of food and drink including a delicious all-you-can-eat breakfast.
Guests who book direct through the Premier Inn website are able to enjoy Premier Inn Saver rates. The lowest price is available at premierinn.com (terms and conditions apply).
In the past year, almost 90% of Premier Inn hotels achieved a TripAdvisor Certificate of Excellence. Premier Inn has also been awarded the Best UK Family Hotel in the TripAdvisor Travellers' Choice Awards, Best UK Hotel Group in the Silver Travel Awards and the Business in the Community Environmental Leadership Award. 2016 has also seen Premier Inn voted Best UK Economy Hotel at the British Travel Awards and Best UK Hotel Group in the National Geographic Traveller UK Reader Awards.
Premier Inn employs over 19,000 team members and is part of Whitbread PLC which this year celebrates its 275th Anniversary as a great British business. Whitbread PLC achieved 8th place in The Sunday Times Best Big Companies to Work for in 2017, an accolade awarded as the result of direct team member feedback.
Great Ormond Street Hospital Children's Charity is the National Charity partner of Premier Inn and to date team members, guests and suppliers have raised over £7 million, which is going towards the opening of the Premier Inn Clinical Building, due to be completed in Autumn 2017.
Outside of the UK, Premier Inn's expansion plans are focused on two key markets, Germany and the Middle East. Premier Inn opened its first hotel in Frankfurt earlier this year and also operates hotels across the United Arab Emirates.
Media contact:
Ben Copithorne / Emily Barnes / Richard Pia at Camargue on 020 7636 7366 / whitbread@camargue.uk