Swissôtel Hotels & Resorts

Swissôtel Hotels & Resorts

January 14, 2015 07:37 ET

Swissotel Hotels & Resorts Expands Presence in Eastern Europe

Swissotel Sofia to become brand's first property in Bulgaria

ZURICH, SWITZERLAND--(Marketwired - Jan. 14, 2015) -

Editors Note: There is one photo associated with this press release.

Swissôtel Hotels & Resorts, a leading brand in the FRHI Hotels & Resorts (FRHI) portfolio, today announced that it has entered into an agreement with Turkish developer Garanti Koza to manage Swissôtel Sofia, a new flagship property being developed in Bulgaria's capital.

Expected to open in 2018, this fashionable new hotel will include 200 hotel rooms as well as 81 serviced residences, and will be part of Grand Kanyon Sofia, a stunning mixed-use development that is generating significant interest as an important new hub for business and leisure travellers.

Swissôtel Sofia will offer guests three stylish dining outlets featuring local and international delicacies, state-of-the-art meeting space including a ballroom, and a contemporary Executive Lounge providing a range of exclusive services and amenities. Encouraging guests to add some vitality and energy to their stay, the hotel will also include the brand's signature spa concept, a Pürovel Spa & Sport facility offering invigorating Alpine-inspired treatments, exercise classes and fitness equipment.

Swissôtel will also introduce the brand's serviced residence concept to the city through a range of contemporary one-, two- and three-bedroom apartments, all benefiting from Swissôtel's genuine and reliable service. A key highlight of the residential component will be a two-floor penthouse at the top level of the tower that will offer incredible views of the city.

"Bulgaria is a thriving member of the European Union and a country that is focused on increasing investment and furthering its economic growth; entering the market aligns with our growth strategy and the destination is a wonderful addition for us," said Jennifer Fox, president, FRHI International. "We're also very happy to be partnering with Garanti Koza, an established and experienced developer, on a high-profile project that is certain to strengthen Swissôtel's well-established reputation in this part of the world."

Grand Kanyon Sofia will be an exciting addition to the city, with the new architectural landmark being home to the largest mixed use development in the capital. Found in the Mladost district, one of the most modern and fastest developing areas in Sofia, Grand Kanyon will offer three additional residential towers, as well as over 50,000 square metres (538,196 square feet) of retail, entertainment and commercial space. This includes a broad range of shopping outlets, restaurants, cinemas, and extensive landscaped gardens. The area is also home to headquarters for many domestic and international companies operating in Bulgaria, including IBM and Cisco, and boasts convenient transportation connections to the city centre and the airport.

Chairman of Garanti Koza, Mr.Şükrü İlkel commented, "Bringing in an experienced operator like Swissôtel, a leading brand known for its commitment to quality and contemporary design, adds tremendous value to the Grand Kanyon Project. We look forward to working with them to make this the most exquisite hotel in the city."

Sofia is Bulgaria's largest city, located at the foot of Mount Vitosha in the western part of the country, and it occupies a strategic position at the centre of the Balkan Peninsula. In addition to the city's many cultural institutions, including the National Opera and Ballet, visitors can enjoy attractions such as the Alexander Nevsky Cathedral, Boyana Church, which is a UNESCO World Heritage Site, numerous museums including the National Historical Museum, and shopping for luxury goods along Vitosha Boulevard.

About Swissôtel Hotels & Resorts

Swissôtel Hotels & Resorts got its start in Switzerland, a country known for big mountains and equally high standards of living. Its contemporary Swiss style and locally inspired flair attracts business and leisure travellers who enjoy high-end hotels but prefer fresh innovation to stale pretension. Conveniently located where travellers want to be, Swissôtel provides guests with the opportunity to stay in the heart of city centres worldwide where access to business and shopping districts are right around the corner. Swissôtel properties can be found in over 30 well-located properties around the world, with many more in development. As guests of the world, every Swissôtel upholds Swiss sustainability standards. In fact, Swissôtel has a mission: to treat guests, team members, and the environment with equal respect. Swissôtel is part of FRHI Hotels & Resorts, a leading global hotel company with over 110 hotels under the Raffles, Fairmont, and Swissôtel brands. But no matter how international Swissôtel becomes, just like the country it was founded in, it remains a small hotel at heart. For more information or reservations, please visit swissotel.com.

About Garanti Koza

Garanti Koza is a prominent Turkish Developer with 64 years of experience; bearing a trademark that has been synonymous with reliability and solidity since its foundation in 1948. The construction group was originally set up as a subsidiary of Garanti Bank, and, following various corporate transactions, including participation from leading German construction company Hochtief, was taken wholly private in 2004. The company's activity includes general contracting, real estate development, engineering and power plant contracting, real estate sale (Realty World master franchise), and facility management. Garanti Koza currently holds or controls over 1.5 million sq-m of development land. Hotel and tourism construction experience includes Hilton Makkah, KSA, Al jubail Holiday Inn, KSA, Talya Hotel, Antalya, Divan Kurucesme, and the extension of Divan Istanbul.

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