Wednesday, 8 July 2026
Scandic Hotels Group has signed a long-term lease agreement with Union Investment for a hotel property near Frankfurt Trade Fair and the Skyline Plaza shopping and convention centre.
The hotel, which has been part of the UniInstitutional European Real Estate open-ended real estate fund managed by Union Investment since 2008, was operated by Mövenpick Hotels & Resorts until the end of June 2026.
Before reopening in 2027 under the Scandic brand, the property will undergo refurbishment and be adapted to the operator’s brand and operational standards. The redevelopment will include upgraded guest rooms, updated interior design, the use of sustainable materials and improvements to guest facilities throughout the hotel.
Following the refurbishment and reconfiguration of the existing building, the hotel will offer 296 rooms, an all-day restaurant and bar, a 100 sqm outdoor terrace and meeting and exhibition facilities. The conference area will comprise five meeting rooms with a combined area of approximately 500 sqm.
The agreement expands the existing relationship between Scandic and Union Investment in Germany. The companies also work together on the Scandic Hamburg Emporio, which opened in 2012 and marked Scandic’s entry into the German hotel market.
The Frankfurt property will become Scandic’s third hotel in the city, further expanding the group’s presence in one of Europe’s major financial and business centres.
