Lease Signed for Mövenpick Hotel The Hague in the Netherlands

Date: November 2017

Location: The Hague, The Netherlands, City Centre

Name: The Moevenpick Hotel The Hague (to open 2019)

No. of Keys: 72

Owner: Deka Immobilien owns the freehold and have agreed a lease with Moevenpick for this new hotel. Deka have also renewed the existing lease for the 408 room Moevenpick Hotel Amsterdam City Centre for 30 years plus.

The agreement was brokered with the involvement and advice of DLA Piper, leading agent RV&C/COG, as well as corporate property specialists CBRE and JLL and legal firm Rechtstaete.

Operator: Moevenpick, with 20,000 rooms in 83 hotels (November 2017) with two other European hotels opening in 2019 – 264 rooms Moevenpick Hotel Basel in Switzerland & 262 rooms at the Moevenpick Congress Hotel Stuttgart in Germany.

Price: Undisclosed

THPT Comment: This new hotel in The Hague is smaller than their typical size and deemed to be more stylish – the start of a sub-brand in this chain?

They currently operate 20 properties in four European countries – Switzerland, where the company is headquartered, as well as Germany, The Netherlands and Turkey. Its strategy is to sign agreements for at least four new projects in Europe every year as it looks to rapidly expand its portfolio.

First Seen: TopHotel News