International real estate firm Hines has inked a deal with European hotel operator 25hours Hotels to create a 243-room boutique hotel in Copenhagen.
The new hotel will be the operator’s first project in Denmark, and will form part of a heritage refurbishment on the city’s Købmagergade.
'25hours Hotels is an exciting, international brand that will offer something unique in central Copenhagen. We are delighted that our development will be home to their first hotel in Denmark,' said James Robson, Hines’ nordic regional head.
'Købmagergade’s popular location and the dynamic combination of brands we are looking to partner with will create an attractive destination for international tourists and the domestic market. This is a very positive investment in Copenhagen and reflects the city’s growing appeal as an international destination,' Robson added.
Within the historic buildings, Hines will also create 3,000 m2 of prime retail space and will be targeting a mix of international and Danish occupiers to form a new retail destination on Købmagergade. Hines will complement the development with the addition of six residential apartments within the buildings. The project will be led by Danish architects BBP.
Hines acquired Købmagergade 44, 46 & 50 in May 2018 on behalf of the Hines European Value Fund (HEVF). The new hotel will open to guests in 2021, with the new retail spaces to be available from late 2020.
Karen Nielsen, Development Director at Hines in Copenhagen, said: 'This is a very exciting project for the city of Copenhagen and will bring a beautiful and historic building back into use, opening it up to be enjoyed by many more people.'
