The Student Hotel opens new property in Berlin
The Student Hotel (TSH) has opened its second project in Germany next to the iconic Alexanderplatz in the heart of Berlin’s Mitte district as part of its plan to treble the number of its locations in Germany and Austria by 2024.
That would boost the Amsterdam-based hotel developer/investor and operator’s investments in the German-speaking (DACH) markets to roughly 20 percent of the value of the total European portfolio, which is projected to cross the €2 billion ($2.2 billion) mark over the next five years.
In early 2020, The Student Hotel is scheduled to open its largest hotel, in Vienna, adding another 819 rooms to the portfolio. Including its Dresden site, which officially opened in November 2018, TSH now offers 781 rooms in Germany comprising more than 30,000 square meters (323,000 square feet). The addition of TSH Vienna next year will bring the total to 1,600. The Student Hotel currently has 10,000 rooms open and under development in 20 cities across Europe