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 Radisson SAS Developing Hotels in Cologne 
and Frankfurt am Main
Brussels,  March 2001 - Cologne and Frankfurt am Main are to become new locations of Radisson SAS Hotels & Resorts, representing an exceptionally  important step for the organisation�s expansion in the German market. In  addition, the Radisson SAS Hotel in Berlin is currently being demolished to make way for a successor that will  become operational again under the same management from 2003 onwards.
 
A new Radisson SAS Hotel is being built in Cologne-Deutz opposite the trade  fair  buildings,  representing an investment of 160  million DM. Infra Immobilien GmbH Wuppertal is the investor for this project. The V-shaped  hotel complex will only be a five-minute walk from the Cologne Arena,  Europe�s largest sporting and event venue. The 
hotel will be easily accessible by car and train and present good motorway connections in  addition, a new  ICE railway station is planned  close to the fairgrounds. The property will have 391 rooms, many of them with a view of  Cologne  cathedral. Facilities will include a restaurant, a bar, conference rooms and a ballroom, a wellness area as well as an underground car parking. Constructions will commence in May 2001 and the opening is scheduled for 2003.

Cologne, Germany�s oldest city, has over one million inhabitants. Approximately 20 million people live in the agglomeration of the largest business centre on the Rhine where many international companies from the
automobile, chemical, pharmaceutical, insurance and electronics sector are based. The cathedral city is also one of Germany�s main trade fair venues.   Every year, 40 trade fairs attracting about 2 million visitors are held in the 14 exhibition halls.  
 

A new hotel close to the Frankfurt Fair

A Radisson SAS Hotel is being developed at the so-called �Opel roundabout�, close to the fairgrounds in Frankfurt am Main. The future property will be connected to the �Frankfurt - West� motorway exit in both directions, just two minutes drive from the

Frankfurt Fair and five minutes by car from the city centre with its banking area. This motorway is an important connection between the city and the airport.

The 20 storey building will be visible from far. It will have at least 420 rooms, a restaurant, a 1,300 sqm banqueting and conference area, a fitness centre and 200 parking spaces.  Construction is due to begin in mid-2001 and the opening is planned for mid-2003.  The site is in the heart of an important new business area close to the American Express building. The  important position of Frankfurt am Main as one of Europe�s largest trade and finance centres was further emphasised  when the European Central Bank relocated to the city in  July 1998.  For decades now, Frankfurt has also been the headquarters of  the German Bundesbank and the city�s skyscraper skyline is dominated by  the  many headquarters of German and international banking institutions.

Frankfurt - Trade & Finance Centre 

The city�s approximately 370 credit institutions have attracted many companies in related sectors such as insurance companies, law firms, tax advisers, etc. Frankfurt�s significance as a trade and finance centre is also reflected in the International Frankfurt Trade Fair. With  34 fairs and a total of 42,500 exhibitors, about 1.9 million visitors  are recorded every year. The conference and congress area generates over 3 million congress participants a year, representing 3.4 million overnight stays.

Two-year break in Berlin

November 2000 saw the start of the demolition of the Radisson SAS Hotel in Berlin. The new building with the name �DomAquarée�  - because of its vicinity to the River Spree everything follows the �water� theme - will  be  re-opened in the same location in 2003. It will  become an international first-class hotel with 429 rooms, restaurants, a lobby bar, a huge aquarium and a conference centre.

The  300 million German marks construction will be implemented by the holding company DIFA AG  (Deutsche Immobilien Fonds) in Hamburg, who signed a 20-year  leasing contract with Radisson SAS. The  new establishment will be ideally situated right opposite the cathedral and the �Museum Island�.

Germany is one of the main markets for Radisson SAS Hotels & Resorts.  The  following locations are currently already operational  or being planned:  Berlin,  Cologne,  Cottbus, Dresden, Düsseldorf, Erfurt, Frankfurt, Göhren-Lebbin (Schloss Fleesensee), Hamburg, Hanover, Lübeck, Merseburg, Neubrandenburg, Rostock, Trent-Rügen and Wiesbaden.

Radisson  SAS  Hotels  &  Resorts,  currently  includes  106  hotels  in operation  and 27 hotels under development in 38 countries  and  is  the sole  franchisor  in  Europe,  the Middle East and Africa  for  Radisson Hotels & Resorts Worldwide. 

 
 

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Contact:
Farida Blok
[email protected]
http://www.radissonsas.com

Also See Accor Acquires a 20% interest in the Polish Hotel and Tourism Group Orbis for EUR 81 million / July 2000 
Bass Hotels & Resorts and Dorint Hotels & Resorts Agree to Joint Venture and Develop Inter-Continental and Dorint Hotels in Germany / May 2000 


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