Munich: Lambert and Residia planning double hotel with 528 rooms
A joint venture of Munich Hotel Projekt and Residia Group is building a double hotel with 528 rooms on Ingolstädter Straße 44 in Munich. The complex with 19,000 sqm GFA was fully leased to Primestar Hotel prior to the start of construction. The plans call for establishments of the Hampton by Hilton and Holiday Inn Express brands. “Since all work is already contracted out, we expect to finish on schedule in late 2021,” says Residia owner Werner Mürz. The new hotels are being developed on the site of the former “Fashion Atrium”, which the joint venture had bought in 2017. Munich Hotel Projekt is a subsidiary of Lambert Immobilien.
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