Hybrid hotel brand LyvInn has opened its first property: a 164-room hotel in Frankfurt.
The project is backed by funds managed by Blantyre Capital a London-based investment management firm.
LyvInn was founded by the former CEO of Meininger Hotels, Navneet Bali.
The hotel is a former Meininger property and is located at the heart of the Europaviertel, one of the largest inner-city developments in Europe.
LyvInn will operate the refurbished hotel under a management agreement.
Bali is looking to expand the brand across Europe.
Why it matters
The hybrid hospitality space is becoming increasingly crowded. To stand out with investors brands need to show they can deliver on the bottom line.
What they said
Navneet Bali, founder and CEO of LyvInn said: “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.”
George Kountouris, senior advisor to Blantyre Capital, said: "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.”