The economy brand, in which The Rezidor Hotel Group acquired a 49% stake, announces its arrival near Munich airport. Its opening is expected by 2019.
Prizeotel has a supply of 555 rooms in operation at three hotels in Hannover, Bremen and Hamburg. Its pipeline counts 995 rooms under development. Hotels are currently under construction in Hamburg (in Sankt Pauli’ district), Erfurt and Bern. The Rezidor Hotel group acquired 49% of prizeotel for 14.7 million euros in Spring 2016 while guaranteeing the takeover of the remaining 51% in the next four years.
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