MUNICH, GERMANY – Hilton (NYSE: HLT) today announced the signing of a new long-term agreement for Hilton Munich Park with a joint venture company of Commerz Real AG and Hines. Hilton will continue to manage the property following a visionary redevelopment by the owners as part of the mixed-use Tucherpark project in Munich.
Dirk Schuldes, Global Head of Hospitality and Shopping, Commerz Real
Kimberly Coari, Vice President, Asset Management Europe, Hilton
Andreas Rauch, Global Head of Construction and Development, Commerz Real
Photo credit: Florian Paulus / Hines & Commerz Real
Hilton Munich Park will be integral to the new Tucherpark, a circular city project being developed by the Commerz Real and Hines joint venture. This innovative project will blend residential, retail, office, and hospitality spaces, creating a dynamic new destination and community. The reimagined Hilton Hotels & Resorts property will serve as a central hub within Tucherpark, providing a vibrant space for guests, residents, shoppers, and professionals.
Hilton Munich Park has been a premier destination since opening for the Munich Olympic Games and has a prime location adjacent to the English Gardens, one of the largest inner-city parks in the world. The ambitious redevelopment will further integrate the hotel with the surrounding nature, aligning with Tucherpark’s vision to blend natural beauty with urban convenience. The transformation will begin following the closure of the existing hotel on December 31, 2024, and is scheduled for completion in 2029.
The redevelopment proposals for Hilton Munich Park’s transformation include adding a new rooftop restaurant and bar with panoramic views of the English Gardens, along with restaurants, central bar and retail space on the ground floor. The meeting spaces will be redesigned - including a larger ballroom and a new unconventional city garden venue - to meet the growing demand for event spaces. Enhanced wellness facilities will also be part of the redevelopment.
David Kelly, senior vice president, Continental Europe, Hilton said: "More than five decades since its opening, we’re thrilled to confirm these exciting plans for Hilton Munich Park’s future. The hotel’s new innovative design and state-of-the-art facilities are set to solidify its status as an iconic destination, and ensure it continues to attract business and leisure travellers from around the world, as well as local residents. Working in collaboration with Commerz Real and Hines, we are poised to set new benchmarks in hospitality with this reimagined property."
Dirk Schuldes, global head of hospitality and shopping at Commerz Real AG, commented: “The signing of this lease agreement with Hilton is a significant milestone for us. Hilton’s exceptional reputation and strong brand presence will be instrumental in the future success of the Tucherpark community. Committed to actively engaging Hilton in the design and redevelopment plans for the revitalised Hilton Munich Park hotel, we eagerly anticipate the groundbreaking developments that our shared vision will bring.”
Christian Meister, managing director, Hines Immobilien GmbH, added: “We are delighted to initiate this new collaboration with Hilton and look forward to the transformative redevelopment of Hilton Munich Park. This project exemplifies our commitment to innovation and excellence in hospitality. Hilton's strong brand and proven track record will greatly contribute to Tucherpark, attracting both local and international visitors. We are enthusiastic about the future of this property and the opportunities it will bring, showcasing our dedication to creating remarkable experiences for all.”
Group photo – the Hilton, Hines and Commerz Real team
Photo credit: Florian Paulus / Hines & Commerz Real
Munich is a global centre of art, science, technology, finance, innovation, and education, and home to numerous multinational companies. With its two research universities and many architectural and cultural attractions, including the annual Oktoberfest, Munich attracts both leisure and business travellers. In 2023, more than 18 million overnight stays were recorded, second only to Berlin. (Source: Statista)
Hilton Munich Park will be closed from January 2025 for the redevelopment, with an anticipated reopening in 2029. During this period, Hilton will continue to welcome guests at its other hotels in the city, including Hilton Munich City, Hilton Munich Airport, Hampton by Hilton Munich City West, Hampton by Hilton Munich City North, Hampton by Hilton Munich City Centre East, Hilton Garden Inn Munich City West.
About Hilton
Hilton (NYSE: HLT) is a leading global hospitality company with a portfolio of 24 world-class brands comprising more than 8,300 properties and over 1.25 million rooms, in 138 countries and territories. Dedicated to fulfilling its founding vision to fill the earth with the light and warmth of hospitality, Hilton has welcomed over 3 billion guests in its more than 100-year history, was named the No.1 World's Best Workplace by Great Place to Work and Fortune and has been recognized as a global leader on the Dow Jones Sustainability Indices for seven consecutive years. Hilton has introduced industry-leading technology enhancements to improve the guest experience, including Digital Key Share, automated complimentary room upgrades and the ability to book confirmed connecting rooms. Through the award-winning guest loyalty program Hilton Honors, the more than 200 million Hilton Honors members who book directly with Hilton can earn Points for hotel stays and experiences money can't buy. With the free Hilton Honors app, guests can book their stay, select their room, check in, unlock their door with a Digital Key and check out, all from their smartphone. Visit stories.hilton.com for more information, and connect with Hilton on Facebook, X, LinkedIn, Instagram and YouTube.
About Hilton Corporate
Hilton (NYSE: HLT) is a leading global hospitality company with a portfolio of 24 world-class brands comprising more than 8,300 properties and over 1.25 million rooms, in 138 countries and territories. Dedicated to fulfilling its founding vision to fill the earth with the light and warmth of hospitality, Hilton has welcomed over 3 billion guests in its more than 100-year history, was named the No.1 World's Best Workplace by Great Place to Work and Fortune and has been recognized as a global leader on the Dow Jones Sustainability Indices for seven consecutive years. Hilton has introduced industry-leading technology enhancements to improve the guest experience, including Digital Key Share, automated complimentary room upgrades and the ability to book confirmed connecting rooms. Through the award-winning guest loyalty program Hilton Honors, the more than 200 million Hilton Honors members who book directly with Hilton can earn Points for hotel stays and experiences money can't buy. With the free Hilton Honors app, guests can book their stay, select their room, check in, unlock their door with a Digital Key and check out, all from their smartphone. Visit stories.hilton.com for more information, and connect with Hilton on Facebook, X, LinkedIn, Instagram and YouTube.
About Hilton Hotels & Resorts
For over a century, Hilton Hotels & Resorts has set the benchmark for hospitality around the world, providing new product innovations and services to meet guests' evolving needs. With more than 600 hotels across six continents, Hilton Hotels & Resorts properties are located in the world’s most sought-after destinations for guests who know that where they stay matters. Experience a positive stay at Hilton Hotels & Resorts by booking at hiltonhotels.com or through the industry-leading Hilton Honors app. Hilton Honors members who book directly through preferred Hilton channels have access to instant benefits. Learn more about Hilton Hotels & Resorts at stories.hilton.com/hhr, and follow the brand on Facebook, Xand Instagram.
About Commerz Real
Commerz Real is the manager for real asset investments of German Commerzbank Group and has over 50 years of international market experience. More than 800 employees manage assets of around 34 billion euros at the Wiesbaden headquarters and 17 other locations and branches in Germany and abroad. The company combines comprehensive know-how in asset management and a broad-based structuring expertise to deliver its signature range of services of fund products focused on tangibles and bespoke financing solutions. The fund spectrum includes the open-ended real estate fund hausInvest, Germany’s first retail impact fund for real assets Klimavest, institutional investment products as well as entrepreneurial participations in real estate and regenerative energy. In its role as leasing company of Commerzbank Group, Commerz Real offers tailored equipment leasing concepts. www.commerzreal.com
About Hines
Hines is a global real estate investment, development and property manager. The firm was founded by Gerald D. Hines in 1957 and now operates in 30 countries. We manage an €86B¹ portfolio of high-performing assets across residential, logistics, retail, office, and mixed-use strategies. Our local teams serve 857 properties totaling more than 25 million square metres globally. We are committed to a net zero carbon target by 2040 without buying offsets. To learn more about Hines, visit www.hines.com and follow @Hines on social media.
¹Includes both the global Hines organization as well as RIA AUM as of December 31, 2023.