LyvInn, a new European-based hybrid hotel brand founded by Navneet Bali, former CEO and Chairman of Meininger Hotels, is opening its first 164-room hotel in Frankfurt on the 15th of May.
The project is backed by funds managed by Blantyre Capital Limited (“Blantyre”), a London-based investment management firm with long-term committed capital in excess of €2.3 billion.
The hotel, a former Meininger property, is located at the heart of the Europaviertel, one of the largest inner-city developments in Europe, next to Europe’s financial hub and steps away from Frankfurt’s trade fair venue. It has been fully refurbished and LyvInn will operate the hotel under a management agreement. The team managing the new brand are highly experienced in operating hybrid and lifestyle hotel brands. The refurbishment was carried out with the help of studio aisslinger, Berlin.
LyvInn was founded by Navneet Bali, former CEO and Chairman of Meininger Hotels and is looking to expand across Europe. LyvInn will offer affordable and flexible accommodation targeting city explorers, groups, families, young professionals, and entrepreneurs. The hotels will have flexible room structures combined with attractive communal spaces, such as co-working desks and social areas for both extended-stay Lyv and short stay Inn customers. With a focus on stylish design, they will offer exciting experiences for their customers to connect with each other and to local communities and business districts.
Navneet Bali, founder and CEO of LyvInn explains, “LyvInn is a unique hybrid hotel allowing young people to stay, work, play and connect in vibrant ‘start-up’ cities. LyvInn’s aim is to operate in every major European city. The strong financial and operational support of Blantyre has helped us create this amazing brand and we are now looking to actively grow the portfolio with our partner.”
“Having previously worked with Navneet as well as Blantyre leadership, I am very excited about the opening of our first property. I am convinced that Navneet’s track record as operator and Blantyre’s ability to provide flexible capital solutions are an excellent match.” George Kountouris, Senior Advisor to Blantyre Capital, added.
Johann Scheid, Investment Executive at Blantyre, said “We are excited to partner with Navneet and his team to leverage their experience of the European market and the hybrid hotel segment. Blantyre supported the refurbishment and redesign of the hotel, and we are confident this makes it a compelling offering in the Frankfurt Messe market. We are looking to grow the portfolio under the LyvInn brand in Germany and across Europe over the coming years”.