Date: November 2017
Location: Dresden, Germany – Wiener Platz, opposite Central Station
Name: Meininger Hotel Dresden
Seller: The hotel will be part of a mixed used building that contains an EDEKA supermarket, offices and large parking facilities.
Buyer: Meininger Hotels, headed up by CEO Hannes Spanring. Meininger is part of Holidaybreak, itself a subsidiary of Prometheon Holdings, which is part of Cox & Kings (alongside Thomas Cook, the oldest tour operator in the world!), which is listed in London & Mumbai
Meininger, alongside A&O Hostels, is one the leading hostel (and hotel) operators in Germany, spreading it’s wings throughout Europe.
Meininger currently operates 17 hybrid hotels (hostels) in Europe, with a total of 8,409 beds in 11 European cities including Amsterdam, Berlin, Brussels, Copenhagen, Frankfurt/Main, Hamburg, Leipzig, London, Munich, Salzburg and Vienna.
Contracts for 17 new hotels in Amsterdam, Berlin, Brussels, Bordeaux, Budapest, Geneva, Heidelberg, Lyon, Milan, Munich, Paris, Rome, Saint Petersburg, Zurich and now Dresden have already been signed. They have ambitious plans for growth and expansion to North America and Asia.
In November 2016, they partnered with Pandox by taking on the lease for Urban House in Copenhagen, Denmark, commencing January 2017 – 218 rooms with 1,000 beds.
No. of Keys: 165 – 639 beds
THPT Comment: Hostels are the new black! Once upon a time American airlines developed hotels around the world to encourage their flight passengers to take a holiday…then in 1952 Kemmins Wilson homogenised the hotel product with Holiday Inn, so the customer knew what they were getting…and Conrad Hilton in 1927, did much the same with the chain bearing his name….
Since then we have had boutique hotels, six star (and even seven) hotels, serviced apartments and now the hostel market has finally come of age, thanks to companies like Generator (Patron Hospitality), A&O and Meininger.