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Adina Apartment Hotel - Quartier de l'Etang

Location
Geneva, Switzerland

Missions
Feasibility study, operator search & selection, contract negotiation & closing, project management, asset management

Establishment 
Upscale apartment hotel for medium & long-term stays

Size 
140 apartments

Project Webcam
www.lrphotographie.fr

 

Asset Management Development Investment & Advisory

Deliverables

Initially commissioned to conduct a feasibility study, GNP issued recommendations on the product & positioning of the different hotel elements of the project: GNP identified a need for a budget hotel, a lifestyle hotel and an aparthotel. GNP was then mandated to run an operator search and selection process.

GNP is currently project managing the development phase and will remain actively involved after delivery and handover of the hotels to each operator in Q1 2023 as the Hotel Asset Manager.

For the apartment hotel, a contract was signed with the Australian serviced apartment brand Adina Apartment Hotel, which is mainly present in Australia. In the last years, the brand has expanded in Europe with currently 11 hotels spread across Germany, Denmark and Hungary. This will be their first property in Switzerland.

 

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