Meininger Hotels to Develop a New Meininger Hotel in Lisbon’s Santos Quarter.
Date@ April 2018
Location: Tejo River waterfront, Lisbon, Portugal
Name: Meininger Lisbon – opening end 2019
No. of Keys: 121
Seller: A former office building
Buyer: Nelson Canal Portugal to develop, with Meininger taking a lease. Nelson has several other hotel deals, some with Meininger…they are HQ in Brussels, Belgium. The company is headed up by Jean-Paul Putz, a lawyer by training.
The hotel will be on the Tejo River waterfront, near the Lisbon Art Center & Studios, the Barraca Theater, the IADE art university, the Time Out Market food court and market hall, the city-centre of Lisbon and the Cascais beach.
The two companies will convert the building into the new six-floor Meininger Hotel.
“With the project in Lisbon we enter a new and important market. Lisbon is a beautiful city and has enjoyed increasing popularity with travellers from Portugal and across Europe for years.
We have been looking for a suitable property for some time and are therefore very happy about this new project,” Hannes Spanring, CEO of Meininger Hotels, said in a statement.
Meininger recently signed a 160-room hotel in the centre of Glasgow with investor LGIM Real Assets in March 2018. The property will be near the Queen Street Train Station, the Gallery of Modern Art and the Royal Concert Hall.
THPT Comment: This latest addition to the Meininger Hotels pipeline increases the number of hotel projects to 16. Meininger already signed these new hotels in Berlin, Bordeaux, Brussels, Budapest, Dresden, Geneva, Glasgow, Heidelberg, Lyon, Milan, Munich, Paris, Rome, Saint Petersburg and Zurich.
Meininger is also eyeing development opportunities in North America and South Asia. The new properties will join Meininger’s portfolio of 20 hotels in Amsterdam, Berlin, Brussels, Copenhagen, Frankfurt/Main, Hamburg, Leipzig, London, Milan, Munich, Salzburg and Vienna.
First Seen: Hotel Management