The Radisson Hotel Group and the operating company Cycas Hospitality collaborated on the launch of the Radisson Hotel & Suites in Amsterdam.
Cycas Hospitality will operate the Radisson Hotel & Suites Amsterdam South under a lease agreement with the Swiss investment company ECHO Partners AG, which owns the property.
The 227-suite Radisson Hotel & Suites in Amsterdam will open in early 2021 and will become the first serviced apartment under the Radisson brand in Western Europe. This new concept brings the number of Radisson Group properties in the Netherlands to six, under the Radisson Blu, Radisson and Park Inn by Radisson brands.
Elie Younes, Executive Vice President and Development Director of the Radisson hotel group, said :
We are proud to launch our first extended stay product in Western Europe, marking our 54th serviced apartment in EMEA. As an asset class, ‘extended stay’ has been increasingly resilient and relevant in recent times. We are delighted to be partnering with Cycas Hospitality in such a key European market as Amsterdam and look forward to welcoming our first guests together in early 2021.”
The Radisson Hotel & Suites Amsterdam South located in Amstelveen will be housed in a 10-storey building. It will provide its guests with studios, one and two bedroom apartments, as well as a restaurant with an outdoor terrace, a bar, a gym, and an underground car park with a capacity of 70 spaces.
Asli Kutlucan, development director of Cycas Hospitality, said :
“We are excited to be opening our first hotel with Radisson Hotel Group and with ECHO Partners. It says a great deal for the calibre of these organisations that we were able to negotiate a key signing during the COVID-19 ‘lock-down’.
Michael Regner de ECHO Partners, added :
“This stand-out property in a gateway city represents our fourth hotel acquisition for our ECHO Fund in top locations and A-cities across Europe, and our first in The Netherlands. We are excited to establish a high-profile partnership with Cycas and Radisson, capitalising on both their international and local market expertise and creating value by entering into a long-term contract. A partnership of this quality is exactly what we had in mind when we acquired the hotel late last year.”
With more than 1,400 hotels in 120 countries, the Radisson Hotel & Suites group continues to grow.