{"id":1004301119,"date":"2019-02-20T05:51:51","date_gmt":"2019-02-20T13:51:51","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004301119"},"modified":"2019-02-20T05:52:15","modified_gmt":"2019-02-20T13:52:15","slug":"hines-25hours-developing-copenhagen-hotel","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hines-25hours-developing-copenhagen-hotel\/","title":{"rendered":"Hines, 25hours to Develop Copenhagen Hotel"},"content":{"rendered":"
\"\"<\/a>

K\u00f8bmagergade 44, 46 and 50<\/p><\/div>\n

Hines and European hotel operator 25hours Hotels have teamed up to develop a 243-key boutique hotel in Copenhagen, Denmark. The hotel will mark 25hours\u2019 first project in Denmark and will anchor a mixed-use development on the city\u2019s main shopping street, the K\u00f8bmagergade.<\/p>\n

Hines acquired K\u00f8bmagergade 44, 46 and 50 in May 2018 on behalf of the Hines European Value Fund.  The partnership will redevelop the historic buildings dating back to the 18th<\/sup> and 19th<\/sup> centuries into a flagship hotel, 32,291-square-feet of prime retail space and six residential apartments.<\/p>\n

Located close to the Rundetaarn, one of Copenhagen\u2019s most popular landmarks, the area attracts a high amount of foot traffic and already features high-fashion brands like Jimmy Choo, Valentino and Louis Vuitton, as well as beauty brands Sephora, Rituals and a variety of Danish brands.<\/p>\n

PAST AND PRESENT<\/strong><\/h2>\n

The new hotel will feature high-end dining options and caf\u00e9 concepts, in addition to wellness and contemporary meeting facilities. Danish architects BBP will lead the project, with interiors to be designed by Martin Brudnizki. The hotel is slated to open in 2021. The new retail spaces will target a mix of international and Danish users and will be available starting late 2020.<\/p>\n

\u201cWe have assembled an impressive team of Danish and international experts to transform the buildings, who will be focused on restoring their original features, many of which have been hidden or damaged by 20th century additions,\u201d <\/em>said Karen Nielsen, development director at Hines in Copenhagen. \u201cWe want to revive the buildings\u2019 heritage while also creating something new and unique for Copenhagen.\u201d<\/em><\/p>\n

In 2017, Skanska invested $90 million into a 357-key hotel project<\/a> in Copenhagen, with an expected 2020 completion date.<\/p>\n

Image courtesy of Hines<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The global real estate firm and the European hotel operator announced they are building a 243-key boutique property in the heart of the Danish capital.<\/p>\n","protected":false},"author":745,"featured_media":1004301122,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21751,16,21783,21742],"tags":[44249,44252,32797],"class_list":["post-1004301119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-hotel","category-international","category-investment","category-latest","tag-25hours","tag-copenhagen","tag-hines"],"acf":[],"yoast_head":"\nHines, 25hours to Develop Copenhagen Hotel - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hines-25hours-developing-copenhagen-hotel\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hines, 25hours to Develop Copenhagen Hotel\" \/>\n<meta property=\"og:description\" content=\"The global real estate firm and the European hotel operator announced they are building a 243-key boutique property in the heart of the Danish capital.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hines-25hours-developing-copenhagen-hotel\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-20T13:51:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-02-20T13:52:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/Hines-44-46-50-K\u00f8bmagergade-1-e1550594744681.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1650\" \/>\n\t<meta property=\"og:image:height\" content=\"1237\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Holly Dutton\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hines-25hours-developing-copenhagen-hotel\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/hines-25hours-developing-copenhagen-hotel\/\",\"name\":\"Hines, 25hours to Develop Copenhagen Hotel - 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