2013-03-05 Agreement new hotel properties

Inter Hospitality Holding B.V. (Inter Hospitality) has entered into an agreement to develop and own new hotel properties to be operated by Nordic Hospitality AS under Marriott International Inc’s new MOXY brand. The announcement was made at the Berlin International Hotel Investment Forum (IHIF).

Marriott International is a leading hotel company with more than 3,700 properties in 74 countries and territories. Nordic Hospitality is an experienced hotel operating management team which currently runs Marriott brands in Scandinavia.

Inter Hospitality is actively seeking sites for hotel property development in the major cities of Germany, the United Kingdom, Italy, the Netherlands, Belgium and Austria. The sites should be freehold or leasehold in excess of 25 years and be located in city centers, in major commercial centres close to public transport or at major airports. The sites should be suitable for new hotel development of between 150 and 300 rooms equating to between 5,000 and 10,000 sq. m., and up to six storeys in height.

Peter Andrews, managing director of Inter Hospitality commented "The agreement with Marriott International and Nordic Hospitality gives us a great opportunity to use our development expertise to build a high quality hotel property investment portfolio. Our initial focus is on acquiring sites for the new brand in Germany, the United Kingdom, Italy, the Netherlands, Belgium and Austria. Over the next 5 years we aim to secure at least 50 sites for development."

Inter Hospitality intends to develop the first hotel property in Milan with an opening scheduled by Marriott International for early 2014. Other hotels will follow later in 2014.

Inter Hospitality Media contact

Linda van den Brink
Mob: +31 (0)6 290 98 918
Tel: +31 (0)20 80 84 805
Email: linda.vandenbrink@interhospitality.eu
Web: www.interhospitality.eu

For more information about Marriott International please visit www.news.marriott.com/2013/03/moxy-hotels-unlocks-style-4-less.html

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