Hotel operator Scandic and Danish real estate developer Schaumann Properties have formed a partnership to develop a EUR 110 mln hotel with 572 rooms on Potsdamer Platz in Berlin. The hotel marks the first serious step in Scandic’s new international growth strategy, Scandic said in a statement. The hotel is expected to open in February 2010.
Hotel operator Scandic and Danish real estate developer Schaumann Properties have formed a partnership to develop a EUR 110 mln hotel with 572 rooms on Potsdamer Platz in Berlin. The hotel marks the first serious step in Scandic’s new international growth strategy, Scandic said in a statement. The hotel is expected to open in February 2010.
Scandic said it will also now look for development opportunities in Eastern and Northern Europe, Russia and the Baltics. 'Our new Scandic in Berlin will be a significant landmark for our brand and will spearhead our development in Germany, the largest hotel market in our part of the world,' said Scandic CEO Frank Fiskers.
The hotel is a part of a larger development scheme at Potzdamer Platz which also includes a residential section, a fitness centre and other commercial elements.
