Austrian listed property group CA Immobilien is to build a 400-room hotel as part of the urban development project to create a new and improved main train station in Frankfurt.
Austrian listed property group CA Immobilien is to build a 400-room hotel as part of the urban development project to create a new and improved main train station in Frankfurt.
Construction is scheduled to start in the second half of 2016 and the hotel will be operated by the Steigenberger Hotel Group on a 20-year lease when it is completed two years later. The cost of the hotel development was not disclosed.
The hotel, Steigenberger's seventh in Frankfurt, will be located on Mannheimerstrasse and Karlsruherstrasse, directly adjacent to the southern exit of the mainline station and very close to the inner city.
The eight-storey hotel will offer 400 rooms for individual and business travellers along with 82 underground parking spaces. Other facilities will include a bar, six conference rooms and a restaurant that will link the building to its immediate environs.
The Austrian company is also investing €8 mln in the first phase of the urban project - the development of a multi-storey car and bus park next to the train station. The structure will provide parking for 350 cars, bicycles and 14 platforms for coaches.
