Switzerland: Serviced apartment operator Vision Apartments has announced plans for projects in Frankfurt and Vevey.
Both projects, which are currently in the planning phase,
involve existing properties that are to be converted into apartment
buildings before their scheduled opening in 2016.
The property in downtown Frankfurt is a former office building that lies between the city's main train station and the river. The seven-storey building will feature 130 apartments, fitness and wellness facilities and a showroom.
Anja Graf, CEO of Vision Apartments,said: "Frankfurt has been on our wish list for quite some time now; we just hadn't found a property that met our requirements. We're very pleased that we've now found the right building in a central location. We're also proud to be adding Frankfurt to our German locations in Berlin and Munich. The metropolis on the Main is a key destination in the serviced apartments business, after all."
In Switzerland the company has acquired the former Hôtel de Famille in the heart of Vevey, a community on the northern shore of Lake Geneva. Plans are in place to create around 100 apartments in Vevey by 2016, which will include adding an extra wing to the building.
"This project is also the result of a good bit of luck", said Graf. "We mainly have our network of contacts to thank for the chance to purchase the property at such attractive conditions."