Capri by Fraser and Premier Inn to open joint property in Leipzig by 2020 [Infographic]
A rendering of Leipzig’s newest hotel, a dual-brand property.
The final construction phase at Leipzig’s new dual-brand property is due for completion by 2020.
The Residence Capri by Fraser and the Premier Inn recently entered the final construction phase in Leipzig’s centre, directly opposite the city’s opera house.
Together with GBI AG and representatives of the city, the architecture offices and investors, the two hotel chains celebrated the hotel’s topping-out ceremony. Project developer GBI is involved in the realization of the Capri by Fraser project and Premier Inn is developing the site itself.
A 2-in-1 hotel deal for Leipzig
For the city, the two hotels on the corner of Brühl- and Goethestraße are of great importance. “In such a prominent place in the heart of Leipzig’s old town, a good real estate solution is important and has a decisive impact on the face of the city,” said Clemens Schülke, head of the Economic Development Office.
To create a suitable solution, many concepts were discussed in front of the city’s design advisory board. The two architecture firms Nalbach + Nalbach Society of Architects (for Capri by Fraser) and RKW Rhode Kellermann Wawrowsky Architecture + Urban Design (for Premier Inn) worked together intensively resulting in a fitting ensemble.
Premier Inn made this successful mixed-use hotel project possible in the first place. Originally, the company acquired the entire area in 2016. They then resold about half of the property to GBI AG, with whom they had successfully completed their Germany start in Frankfurt am Main at that time.
The GBI, Germany’s largest hotel developer, was looking for the perfect partner in an excellent location in the centre of Leipzig. The choice fell on the high-quality serviced apartments of Capri by Fraser.
“Both hotels complement each other perfectly and will benefit from the combination,” Reiner Nittka, board spokesman of the GB, emphasizes. “This double hotel project fits well also because Leipzig has developed into a booming city,” explains Nittka. That this is now being registered all over the world is also evident from the fact that two leading international chains have decided in favour of the location.
A closer Look at Premier Inn
The Premier Inn is a brand of the Whitbread Group, a leading hotel operator in the UK with more than 800 hotels and around 80,000 rooms. At least 20 new Premier Inn hotels are expected to be operational by the end of 2020.
“The location directly opposite the opera and within walking distance of Leipzig Central Station is ideal for us,” says Chris-Norman Sauer, Director of Acquisitions at Premier Inn. “Thanks to the constantly busy trade fair grounds, Leipzig is an important address for business travellers and, in view of the constantly increasing number of visitors, is increasingly becoming a tourist magnet.”
Premier Inn caters to leisure and business travellers alike and offers great value for money. The Premier Inn Frankfurt Messe recently received not only the TripAdvisor “Certificate of Excellence”, but also the “Recommended on HolidayCheck” label thanks to its great ratings.
Growing the Frasers Hospitality portfolio
Frasers Hospitality, a leading Asian operator, is part of Frasers Centrepoint Limited, one of the heavyweights on the Singapore Stock Exchange.
The company currently operates 105 hotel residences and boutique lifestyle hotels with Gold Standard room service in Europe, the Middle East and Africa, as well as in East Asia, Southeast Asia, Australia and Oceania.
These include Capri by Fraser, Fraser Place, Fraser Residence, Fraser Suites and Modena by Fraser. More properties are already planned or under construction and their portfolio is expected to grow to 140 hotels in the coming years. In Germany alone, a total of 20 Fraser hotels are expected to be on the market by 2023.
According to the TOPHOTELCONSTRUCTION online database, 369 hotel projects are currently in the pipeline in Germany:
Capri by Fraser Leipzig offers functional design
Capri by Fraser Residences are already up and running in Berlin and Frankfurt and are so popular among travellers, they recently received the TripAdvisor Certification of Excellence award.
With its avant-garde design, the 4-star brand attracts trend-conscious and tech-savvy guests. Their serviced apartments are equipped with a kitchenette and a work area.
“The accommodation in Leipzig is suitable for leisure and business travellers alike. Our apartments are furnished to a high standard with classy design,” says Rebecca Hollants van Loocke, Frasers Hospitality’s Chief Operating Officer for Europe and the Middle East.
Tech services include electronic online check-in and even an e-concierge. Of course, a gym and 24/7 dining are also available. In addition, the hotel has a business centre, a laundrette and conference rooms.
The public areas are reminiscent of an open living room, including room dividers and bookshelves.
Leipzig becomes an attractive site for international investors
While the Premier Inn is held by the Whitbread Group itself, Leipzig’s Capri by Fraser hotel was acquired by Duxton Capital Advisors prior to construction. The company represents several well-known foreign end investors in the German market.
“Hotel investments are part of every well-diversified real estate portfolio today. As far as investment decisions are concerned, location and operators are key criteria,” explains Duxton’s Managing Director Uwe Hellendahl.
“We are very pleased to have Frasers Hospitality as the leading operator as we see great opportunities for Leipzig as a destination, especially in Asia,” adds Dr. med. Claus-Henning Tillner, also a business leader at Duxton.
Let’s take a look at a few more hotel projects in Germany:
ABOUT THE CHAIN
Frasers Hospitality, the hospitality arm of Frasers Property Group, is a global hospitality operator with Gold-Standard serviced, hotel residences and boutique lifestyle hotels across Asia, Australia, Europe, and the Middle East and Africa.
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