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Rezidor Hotel, prizeotel to open 2 new hotels in Germany, Austria

Belgium-based Rezidor Hotel Group AB, in partnership with the prizeotel economy design hotel brand, is opening a new prizeotel hotel in Germany and Austria.

In Düsseldorf, Germany, the duo plans to open a 250-room prizeotel hotel in 2022. The asset will form part of the city's €500 million Grand Central regeneration project.

In Vienna, the joint venture will open the country's first prizeotel hotel, featuring 294 rooms, in the first quarter of 2022, according to a release.

Rezidor Hotel is a 49% stakeholder in prizeotel.