Radisson Sign First Radisson RED hotel in Germany With GERCHGROUP.

Main Photo: The lobby at a Radisson RED hotel

Date: March 2020

Location: City Centre, Cologne, Germany

Name: The Radisson RED Cologne – opening 2023

No. of Keys: 262

Seller: TBA – an existing, listed hotel property

Buyer: Radisson Hotel Group is open the first Radisson RED hotel in Germany with developer GERCHGROUP. The new Radisson RED Cologne will be located in a central city location, just a stone’s throw from the UNESCO World Heritage Site, the Cologne Cathedral.

The new development will integrate well into the “Laurenz Carré”, a modern urban district that also features office and retail spaces.

Marc K. Thiel, Chief Transaction Officer of the GERCHGOUP AG is pleased to note: “Based on huge demand from national and international operator chains right from the outset, we were able to look into several exciting concepts. Ultimately, Radisson Hotel Group won us over with its new and innovative RED brand. We are extremely happy to be able to realise this hotel project with such a renowned partner. It is also a wonderful for the city of Cologne to experience this kind of hotel in this location.”

Scheduled to open in the second quarter of 2023, the lifestyle branded Radisson RED hotel Cologne will offer guests all the conveniences to travel in comfort. Both hotel buildings will have an exciting restaurant and bar concept, a fitness studio and a creative 300 sqm meeting and event area.

In addition to the hotel experience, guests will have an ideal gateway for exploring Cologne’s popular city centre with tourist hotspots and Cologne’s Central Station within walking distance. The Cologne Exhibition and Trade Centre is just a few minutes away by train.

The agreement with the GERCHGROUP extends the Radisson RED portfolio to more than 40 hotels in operation or under development. Radisson RED hotels are located around the world in vibrant urban destinations such as Dubai, Cape Town, Lisbon, London and Vienna.

Price: Undisclosed

THPT Comment: GERCH Group are a large multi-discipline developer, with some experience in hotels, with Novum and now Radisson.

First Seen: Radisson website

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