The Zleep Hotel Hannover was set to become the third hotel in Germany to operate under the Zleep brand.
The hotel was being developed in conjunction with property group Krasemann Immobilien and was due to open in 2022.
Zleep Hotels were also under development in Hamburg, Frankfurt/the Rhine-Main region, Madrid, Prague and Zurich. Further locations are at the planning stage.
Robert Boller, managing director, Zleep Hotels, said: “The Zleep Hotel Hannover will provide future leisure and business travellers and trade fair visitors with innovative and comfortable overnight accommodation in the state capital of Lower Saxony whilst also offering value for money.
“Krasemann Immobilien is an experienced partner with excellent local knowledge. Our partnership in Hanover enables us to drive forward the roll-out of this fresh new brand on the German market.”
Jörn Starossom, managing director, Krasemann Immobilien, added: “Now that the agreement has been successfully concluded, we are very much looking forward to working together with Zleep Hotel. Deutsche Hospitality has established a fine reputation in Europe, and we are confident that this venture in Hanover will be a long-term success.”