Cox and Kings-owned Meininger Hotels today said it has signed a contract for a new hotel in Heidelberg in Germany, which is likely to be operational at the beginning of 2019.
Meininger Hotels and Hirotani Projektgesellschaft have signed a contract for a new hotel in Heidelberg, a release issued here said.
With a lease term of 20 years, the new hotel will offer 336 beds in 100 rooms on five floors.
Meininger Group CEO Hannes Spanring said, "We are very happy that we will open our new Meininger hotel in such a history-charged city. The university town of Heidelberg is an outstanding addition to the already substantial Meininger portfolio within Germany."
The company currently operates 16 hotels in 10 European cities.
"It's a great pleasure to sign the agreement for our Meininger hotel in Heidelberg. With this project, we enter a strategically important market and constitutes a significant step in our expansion in Europe," Cox & Kings Director Peter Kerkar said.
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