Cox & Kings owned MEININGER Hotels and a well-known Swiss developer have signed an agreement for a hotel in Geneva. The hotel, which will be newly constructed, will be located in close proximity to the city center. It will feature 104 rooms and 368 beds and is expected to open in 2020. It will be the second MEININGER project in Switzerland. The hotel group is going to open a hotel in Zurich in fall 2019.
Thanks to its excellent location the hotel is the perfect base to explore the city. The city center and the lake of Geneva can be reached within 20 minutes on foot or 10 minutes by bike. Public transportation is provided right next to the building by trolleybus lines, which takes the guests to the airport within 15 minutes and to the central station in less than 10 minutes.
The new build hotel with a gross floor area of 4,400 sqm will feature 104 rooms and 368 beds on five floors; well-equipped with TV, free Wi-Fi and en-suite bathrooms all to a high specification. Due to the flexible room concept of MEININGER the accommodation will range from classic double rooms and private multiple-bed rooms to a bed in a dormitory. The public spaces will offer all typical features of a MEININGER hotel such as reception, lobby, lounge, breakfast room and bar as well as guest kitchen and games room. The hotel will have four underground parking spaces.
The commencement of the project remains subject to the receipt of the building permit.
Hannes Spanring, CEO of MEININGER Hotels, said, "We are very happy about this new project. Geneva is an important location for MEININGER's portfolio. It's the second largest city in Switzerland, an important diplomatic center and a leading science destination. Large well-known companies and major international bodies such as the UN and WTO have offices in Geneva. The city also attracts travelers from around the globe not least due to its proximity to the Swiss and French Alps, Lake Geneva but also because of its about 45 museums, cultural attractions and numerous events per year including the International Motor Show."
Shares of the company declined Rs 1.5, or 0.56%, to trade at Rs 268.60. The total volume of shares traded was 3,161 at the BSE (9.59 a.m., Friday).