At least US$423 million is being ploughed into the Bavarian state capital’s upcoming four and five star property projects.
With tourists attracted to the municipality for city breaks, Christmas markets, Oktoberfest and the famous Bayern football team, Munich remains on the agenda for several major hotel groups.
Across 10 forthcoming openings, a total of 2,126 keys will be added to the burg’s capacity.
Upscale and immediate
The high end pipeline splits seven to three in favour of upscale to luxury developments.
In terms of opening date, five are due to debut this year – half of the city’s current slate, while two more will complete in 2024 and a further site in 2025. The remaining two haven’t yet been designated a delivery date.
The former will focus on catering for large-scale events with a state-of-the art conference centre as well as 402 guestrooms and suites and nearly 5,000 sq m of public space, while the latter will be a new 10-storey building with 108 rooms and suites, a rooftop restaurant with panoramic view over Munich and a a spa and wellness floor.
Accor is another big name with a property in the offing within the city. Within its Ennismore division, the Hyde lifestyle brand will appear in Q4 this year with the 230 serviced apartment site, Hyde Living LabCampus Airport München.
Wyndham Hotels & Resorts will also have a presence in the city via its recently-acquired Vienna House brand through the imminently opening Vienna House Revo Munich-Neuperlach, which is delivering 607 extended stay apartments.