Skift Take
With all the current troubles in Hong Kong, diversifying the business surely is a bigger priority. Langham has said it wants to expand big-time in Europe. It is reentering the continent with style.
Hong Kong-based Langham Hospitality Group has added its first property in Europe since acquiring The Langham, London more than two decades ago.
Competitors may grudgingly admit that The Langham Nymphenburg Residence is, well, special.
Details of the management contract were not disclosed. The property is situated within the 490 acres imperial estate of Nymphenburg Palace, a UNESCO heritage site in Munich that ranks as one of the most popular attractions in Germany. Moreover, its location next to the Royal Nymphenburg Porcelain Manufactory, the last manufactory in the world where everything is handcrafted, is an added appeal.
A first residence project for Langham, the property will open this winter after current renovations, the amount of which the group will not reveal. It will offer four bedrooms, three living rooms, two wine cellars, seven bathrooms, a home cinema, an elevator and a dining room that seats 12 people. A private terrace can accommodate up to 100 seated guests for special occasions.
Langham CEO Stefan Leser won’t also disclose the minimum rate he expects for the home, which must be rented wholly. “The rates are based on request and subject to the duration of stay,” he said.
But based on unconfirmed inside information, Skift believes t
