Affiliates of Global Hyatt Corporation announced the signing of an agreement with Vivico Real Estate GmbH to operate a new 405-room Grand Hyatt in Frankfurt. Slated to open in 2011, the hotel will be part of a 541-foot (165 meter) tower featuring a modern and stylish design. It will be part of the “Europaviertel” in Frankfurt, currently being developed as Germany’s largest urban development project.

The facilities at Grand Hyatt Frankfurt will include a wide selection of restaurants and bars and a 10,765 square foot (1,000 square meter) fitness center and spa. The hotel will also offer 26,910 square feet (2,500 square meters) of extensive meeting and banqueting space with advanced technological features.

Grand Hyatt Frankfurt will be the second Grand Hyatt hotel in Germany, following Grand Hyatt Berlin which opened in 1998, and Hyatt’s sixth property in Germany.

“We are delighted that Hyatt has been appointed to manage this hotel at the important finance and trading center of Frankfurt,” said Gebhard Rainer, managing director, Hyatt Hotels & Resorts, Europe, Africa, Middle East. “Hyatt will bring a creative and innovative approach to the room and restaurant design of Grand Hyatt Frankfurt, and the hotel will further enhance our position in the market. This project is a perfect match for the vibrant city of Frankfurt, complementing Hyatt’s individually unique and successful German hotels: Hyatt Regency Cologne, Park Hyatt Hamburg, Grand Hyatt Berlin, Hyatt Regency Mainz and soon, Hyatt Regency Dusseldorf.”