Hyatt Hotels & Resorts has announced that a Hyatt affiliate has entered into a contract with Jost Hurler Beteiligungs-und Verwaltungsgesellschaft mbH & Co. KG, a family-owned company based in Munich, for an Andaz hotel in Munich. The first Andaz-branded hotel in Germany, Andaz Munich will join Andaz properties currently located cities including London, Amsterdam, New York, Los Angeles, Shanghai, and soon, Tokyo. Expected to open in 2017, Andaz Munich, in the Bavarian capital, will increase the brand's presence in Europe to three hotels.
The 274-room hotel will be developed in central Munich in a cultural district known as Schwabinger Tor. Situated between Leopoldstrasse and Berlinerstrasse, Andaz Munich will be part of a mixed-use site, which will include newly constructed upscale residential apartments, retail shops, offices, and restaurants.
Guests at Andaz Munich can pick from the hotel's 234 guestrooms, 36 junior suites, three executive suites, and a presidential suite. The hotel will feature an all-day dining restaurant, a lounge and rooftop bar, as well as an extensive fitness centre with spa and pool facilities. Conference facilities will include a ballroom, seven conference rooms and pre-function space.
Andaz Munich will collaborate with local artists, musicians, designers, and other cultural influencers to deliver events and programs on themes unique to its location in central Munich. The Andaz Salon, the brand's signature cultural program, features interactive, on-property and virtual events conceived to support and nurture each hotel's community of emerging talent. The distinctive spaces at Andaz Munich will stage creative Andaz Salon events, ranging from talks to exhibitions to live performances. These events can also be experienced through the Andaz Salon website at www.andazsalon.com, where unique content is shaed by Cultural Insiders.
Urban Commons purchases 333-room Sheraton in Pasadena
Urban Commons, together with Brighton Management, has announced the purchase of the 333-room Sheraton Pasadena Hotel. The full-service Hotel is located in the premier vacation and group/corporate meeting destination of Pasadena and is the only hotel directly adjacent to the recently expanded Pasadena Convention Center, which draws thousands of visitors and exhibits year-round. The Hotel is also located within 3 miles of the city's historic landmarks and attractions such as the Rose Bowl, the Norton Simon Museum and The Huntington Library and Botanical Gardens.
The companies have already received full 20-year commitment from the Sheraton brand to keep the Sheraton flag. In addition, the Sheraton Pasadena is located in the heart of the city's burgeoning redevelopment district, which recently completed its own $150 Million renovation and expansion. Urban Commons is very interested in advancing the city's redevelopment efforts and plans to refresh and modernize the hotel to accompany those efforts. Located at 303 East Cordova in Pasadena, CA, the Sheraton Pasadena offers a restaurant & bar, 12,000 square feet of interior meeting space, an exercise facility, outdoor heated swimming pool, tennis courts, abundant parking, and complimentary shuttle service within a three-mile radius.
Since 2011, Urban Commons has completed 10 hotel acquisitions totaling $300 million in asset value. Brighton Management currently owns and operates hotels located primarily in the Southern California counties of Los Angeles, Orange, and Ventura.