German budget hotel chain Motel One is to add its first US property, following an agreement with Union Investment to take over operation of a former Courtyard by Marriott hotel in New York.
According to a press release from Union Investment, Motel One has signed a 20-year lease on the property, and took over operations on July 21.
The group is set to carry out “an carry out extensive refurbishment and rebranding” of the property, and when Business Traveller checked, it had yet to list the hotel on its website at motel-one.com.
The property is located close to the World Trade Center complex, and had been operating as a Courtyard hotel since 2016. A statement said that “The agreement with the previous operator was terminated prematurely by Union Investment”.
Motel One already operates hotels in eight properties held by Union Investment, and Martin Schaller, head of Asset Management Hospitality, said:
“As Motel One’s biggest landlord, we are delighted to have the opportunity to extend our longstanding strategic relationship outside Europe as well.
“We’re looking forward to jointly bringing this successful lifestyle concept to the local market and travellers from all over the world in the heart of New York very soon.”
Motel One launched in 2000 with budget properties located close to German motorways, but has steadily expanded its portfolio to around 75 hotels across Europe, including city centre properties in UK locations including Edinburgh, Glasgow, London, Manchester and Newcastle. Pictured above is the exterior of a Motel One in Barcelona.
For our review of the Motel One London Tower Hill (published in 2018), see: