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Helsinki University’s Student Union on the hunt for luxe operator for new hotel site

Helsinki

The business arm at Helsinki University’s Student Union has acquired the oldest running hotel in the city and is now looking for a luxury operator to take the helm of the new property.

Next year, two grand buildings in the Finnish capital will merge to create a new hotel owned by HYY Group, to create a new 180-220 bedroom property.

The hotel Seurahuone, which opened in 1833, will be joined together with parts of New Student House, an existing student accommodation block that original opened as a hotel in 1910.

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Both buildings were designed by Finnish architect Armas Lindgren.

The project ties in with HYY Group’s long-term strategy to make Helsinki more international.

The Group is no on the hunt for a ‘five-star’ hotel operator to take over the management of the new property, in a location where no other five-star properties currently operate.

Finland also is experiencing a boom in tourism. The hospitality industry now accounts for over 2.5% of the GDP in Finland, bringing 14 billion EUR to the economy.

Furthermore, foreign visitor numbers more than doubled between 2000-2017; at 8.3 million a year, delivering 4.4 billion EUR annually.

Tags : Helsinki
Zoe Monk

The author Zoe Monk

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