Hilton Munich Park Set for Major Redevelopment as Part of Tucherpark’s Circular City Project
Following agreement with Commerz Real AG and Hines, Hilton will continue to manage hotel after significant redevelopment as part of mixed‑use Circular City Tucherpark
(IN SHORT) Hilton Munich Park hotel will undergo a major redevelopment as part of the Tucherpark Circular City project in Munich, following a new long-term agreement between Hilton and a joint venture of Commerz Real AG and Hines. The hotel, a historic landmark since the Munich Olympic Games, will be transformed to integrate with the innovative mixed-use development, featuring new amenities like a rooftop restaurant, redesigned meeting spaces, and enhanced wellness facilities. The hotel will close in late 2024 and is set to reopen in 2029, with Hilton continuing to serve guests at other Munich locations during the redevelopment.
(PRESS RELEASE) Munich, Germany, 2024-Aug-23 — /Travel PR News/ — The iconic Hilton Munich Park hotel is poised for a significant transformation as part of the ambitious Tucherpark redevelopment in Munich, following a new long-term agreement between Hilton and a joint venture of Commerz Real AG and Hines. The hotel, which has been a landmark since its opening for the Munich Olympic Games, will undergo extensive redevelopment to become a central feature of the innovative mixed-use Circular City Tucherpark project.
The Tucherpark project aims to create a vibrant new community by integrating residential, retail, office, and hospitality spaces in a seamless urban environment. As a key element of this development, Hilton Munich Park will be reimagined to align with the project’s vision of blending natural beauty with modern urban living. The redevelopment plans include a new rooftop restaurant and bar with panoramic views of the adjacent English Gardens, redesigned meeting spaces, and enhanced wellness facilities. These updates are intended to solidify the hotel’s status as a premier destination for both business and leisure travelers.
The hotel will close at the end of 2024, with the redevelopment expected to be completed by 2029. During this time, Hilton will continue to serve guests at its other Munich locations. Hilton’s collaboration with Commerz Real and Hines is expected to set new standards in hospitality, contributing to the success of the Tucherpark community and enhancing Munich’s appeal as a global destination.
About Hilton
Hilton (NYSE: HLT) is a leading global hospitality company with a portfolio of 24 world-class brands comprising nearly 7,800 properties and more than 1.2 million rooms, in 126 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 195 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 nearly 7,800 properties and more than 1.2 million rooms, in 126 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 195 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, X and 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.
Source: Hilton Hotels & Resorts
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