Dubai-based luxury hotel company Jumeirah has signed an agreement to lease and operate a new hotel in Frankfurt’s major new PalaisQuartier leisure and retail development, a project of MAB Development. The agreement will see the 219 room luxury hotel launching in mid-2010 alongside the launch of the 112,000 m2 PalaisQuartier mixed use office and retail complex.

PalaisQuartier is located at the heart of Frankfurt at the Thurn-und-Taxis-Platz, within walking distance of the city’s financial district and stock exchange, pedestrian shopping areas and the city’s opera house.  The mixed use development includes the reconstructed baroque 18th century Thurn und Taxis Palais and a 48,500 m2 retail development, some 42,000 m2 of premium office space and the 22,000 m2, 25-floor Jumeirah Hotel Frankfurt.

The retail component, called MyZeil and designed by Massimiliano Fuksas, recently opened with great success. It is fully let and attracted over one million visitors during the first two weeks after opening. Guests of Jumeirah Frankfurt will be able to enjoy a range of facilities including Jumeirah’s signature Talise spa as well as several restaurants and bars, meeting rooms and business facilities.

The hotel will include a contemporary fine dining restaurant with a design commissioned from leading Japanese designer Takashi Sugimoto and his team at Super Potato, one of today’s most respected and innovative restaurant design consultancies.  The overall interior design will be in responsibility of Peter Silling & Associates and the building design has been completed by the German architects KSP Engel und Zimmermann. Both partners acknowlegded the efforts of the WingField Corporation to conclude the agreement.

“The Jumeirah Frankfurt Hotel is an important development in our company´s global expansion plan. It will serve Germany’s financial centre and one of Europe’s most important international business and travel hubs. Germany is one of the world’s largest economies and a market that has traditionally served as the third largest inbound market for Jumeirah’s properties. It’s a key market for us and we see this first move to invest in the German market as an important and sound link that cements an already strong connection,” said Gerald Lawless, Executive Chairman of Jumeirah Group.