The Frankfurt headquartered Steigenberger Hotel Group runs some 110 hotels and resorts worldwide. Between them are some of the most prestigious hotels in Germany, such as the Steigenberger Frankfurter Hof and the Steigenberger Parkhotel in Düsseldorf, but the expanding company is yet to open a House in Germany’s third largest city.

“Munich is one of the world’s leading destinations,” says Puneet Chhatwal, CEO Steigenberger Hotels AG. “We had it right at the top of our expansion list as a site for a Steigenberger Hotel and Resort. The Bavarian capital is the ideal location for the very successful continuation of our national and international growth.”

Steigenberger will operate the new hotel under a Lease Agreement. The Lessor is Swiss Life Germany, a financial advisory and insurance company. “We are delighted to have entered into this partnership with the prestigious Steigenberger Hotel Group. The new hotel will be created in a special property, which was previously the headquarters of our insurance activities in Germany. The conversion of this office building into an appealing, state-of-the-art hotel is an exemplary project,” says Stefan Mächler, Chief Investment Officer of the Swiss Life Group.

The new hotel will be located at the Berliner Straße in the northern part of Munich and offer almost 300 rooms. We hope it will look much better than the photo above by the time it opens.