The logistics entrepreneur announced to demolish former Hotel Interconti at Fontenay to make way for a new luxury hotel that will set new standards for Hamburg‘s hospitality industry. With Majorca‘s new icon Castel Son Claret, the Hamburg-born billionaire convinced critics by the success of his very first hotel. Now, it‘s the turn for Hamburg where Kühne is willing to spend some 130 million euro on a new hotel, with the architectural contest ending in September.
Construction works on the premium plot near the Outer Alster lake are to begin in early 2014. First ideas on how the new hotel should look like had already been expressed by Kühne in interviews. Featuring quite a fair bit of glass on its facade, the seven to eight storey tall building will also feature a spacious spa area and a gourmet restaurant on its roof. Next to 120-130 hotels rooms and luxury suites, accommodation options will also comprise a residence, offering 20 apartments with hotel service.
Klaus Michael Kühne bought the insolvent Interconti-Hotel in April 2013 at a price of 23 million Euro. The non-classified five-star hotel had gone bankrupt in late 2012 following insolvency proceedings over the assets of the parent company Grod Hotel GmbH (Switzerland) German branch.
Calling the Interconti project an “emotional affair and matter of the heart“, Kühne finds perfect conditions for his hotel project in his home town. The Elbe metropolis successfully developed into one of Europe‘s top ten city destination, with its hospitality industry recording an unparalleled growth over more than a decade.
With a total of 10.6 million overnight stays in 2012, the previous year‘s result were superseded by 1.1 million overnight stays (+11.6 per cent). 18 additional hotels are planed until 2014, adding some 6,450 beds to Hamburg‘s hotel market. How much these beds are needed is illustrated by the first quarter of 2013. Despite adverse weather conditions, overnight figures climbed by 7.9 per cent to 2.2 million stays. For the entire year, six million overnight stays are anticipated.