prizeotel
Development

Development Profile
2** Economy Hotel

Designed by Karim Rashid

By 2020, in each of our markets, we will be the most informally professional hotel company with a signature brand design and a unique brand experience thanks to our personalized prizeSPIRIT-service!

There are now 733 rooms operated by prizeotel in Hamburg, Bremen and Hannover and 1.522 rooms are under development. In the first half of 2018, the opening of the prizeotel Hamburg-St. Pauli, close to the famous Reeperbahn, is expected. The joint venture with The Radisson Hotel Group has proven itself successful as four projects in Erfurt, Bern, Munich, Münster, Vienna and Düsseldorf have been realized already through the cooperation since 2016.

For future prizeotels, we are looking for new projects with the following criteria: 

Macro Location

The following cities are currently of particular interest:

  • Hamburg
  • Dusseldorf
  • Berlin
  • Cologne
  • Frankfurt
  • Stuttgart
  • Munich
  • Vienna
  • Zurich
  • Geneva

As well as additional locations in Heilbronn, Karlsruhe, Dortmund, Leipzig, Essen, Dresden, Mainz, Mannheim, Nuremberg, Heidelberg, Freiburg/Breisgau, Salzburg, Graz, Innsbruck, Basel, Lausanne, Antwerp, Ghent, Bruges, Rotterdam, The Hague, Maastricht and Luxembourg.

Micro Location

  • City centre or within a radius of 5 km from the airport
  • Excellent access to public transport 
  • High visibility

Real estate and land

  • Construction terrain and developing projects with planning permission (min 3.500 sqm GFA)
  • Hotel properties without operator with min. 125 rooms and max. 350 rooms
  • Conversion properties with ca. 3.600 – 10.500 sqm GFA
  • Conversion properties with existing lease contract < 2.5 years
  • No leaseholds 

Contracts

Purchase or long-term lease contract (preferably 20 years + 2x5 year options) 

Technical

  • S-BUA: 30 sqm per room
  • Room Size: 16 sqm per room
  • Innovative F&B concept (only preparation kitchen needed)
  • No meeting rooms or spa area

Contact

Please forward qualified offers via e-mail to Mr Ryterski or Ms Mayr. 

Connor Llewellyn Ryterski
Head of Business Development
Esplanade 41 | 20354 Hamburg
T: +49 040 3688130 75
E: development(at)prizeotel.com

Michaela Mayr
Development Coordinator
Esplanade 41 | 20354 Hamburg
T: +49 040 3688130 76
E: mayr(at)prizeotel.com

Please note that this purchase profile does not constitute an offer to conclude a brokerage agreement. Rather, we regard each of your written real estate offers as an offer to conclude a brokerage contract, which only comes into effect through our acceptance in individual cases. This purchasing profile is for information purposes only, it is non-binding and can be changed at any time.
booth: Q1 2018