Radisson Hotel Group (RHG) has announced a strategic joint venture that will result in an enhanced presence in both Germany and Austria.
Following the new partnership with local partners in both countries, RHG will roll out the Radisson and Radisson RED brands. This will begin with the signing of the Radisson Hotel Leipzig, which will be developed by Fay Projects and operated by the newly founded Fast Lane Hospitality.
Executive vice president and chief development officer, Radisson Hotel Group, Elie Younes declared: “We aim to remain relevant to owners and investors and this new venture is a testament of our commitment. The German market is becoming increasingly versatile and requires an unconventional approach to accelerate growth. We look forward to a successful journey with our partners and to unlock value to various stakeholders through this venture.”
Meanwhile, chairman of the board and CEO, FAY Projects, Wolfgang Heid noted: “Leipzig is about to join Germany’s ‘Big Seven’ cities, so our hotel development in a central downtown location comes at a rather opportune time, especially because hotel accommodation in the trade fair city continues to grow at an annual rate of around five per cent. We are confident that this new asset will be one of the outstanding Radisson hotels in Germany.”
The high-end Radisson Hotel Leipzig is scheduled to open for business in 2022. The property will grant guests easy access to key hubs in Leipzig’s city centre, including the main station, as well as having a fast connection to the Leipzig Fair right by the hotel.
The new-build hotel will comprise 224 rooms, a fantastic breakfast restaurant, a stylish bar and an on-site gym.