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Deutsche Hospitality inks partnership with GBI AG

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Deutsche Hospitality and GBI AG are launching a comprehensive programme of cooperation for the development of new hotel locations. The main emphasis is on IntercityHotel and Jaz in the City brands.

The starting point will be four IntercityHotels in Heidelberg, Wiesbaden, Bielefeld and Graz. A total of around 800 rooms within direct proximity of respective main railway stations in these cities. Lease agreements have already been signed, and GBI has acquired sites to be used in Germany from Deutsche Bahn as part of a package deal.

These projects will strengthen the presence of Deutsche Hospitality in the German-speaking market and will continue to expand the IntercityHotel brand as it celebrates its 30th anniversary.

The series of IntercityHotel projects will get underway in Wiesbaden, where construction will commence in spring of 2018 with an expected completion date at turn of the year 2019-20. The Graz construction project is scheduled to finish in 2020. The two other locations will follow in 2023.

These four IntercityHotel project developments represent the first collaboration between GBI AG and Deutsche Hospitality, both of which are major hotel market players within their respective sectors.