The Irish aparthotel operator is set to create long-stay residential units in the YVIE mixed-use project currently under construction by Union Investment in the fast-growing district of Overhoeks, North Amsterdam.
From May 2024, Staycity will operate 120 rooms across a total of some 7,000sq m on floors 3–10 of the 31-storey residential tower, one of the two buildings that make up the YVIE ensemble. The other floors of the residential tower will accommodate 176 rental apartments, which are being marketed directly by Union Investment. The lease signed with Staycity has a term of 25 years. Entry into the Dutch market brings the number of hotels in Staycity’s portfolio to 33.
“We have great confidence in the innovative capacity and resilience of this successful asset class and are keen to work with strong operators to expand our long-stay provision. We are particularly interested in concepts that can be successfully integrated into mixed-use projects like YVIE,” said Thorsten Purkus, Head of Asset Management Hospitality International at Union Investment.
Staycity will also provide concierge services, a coffee bar, a gym and a roof terrace for the future residential and office tenants of the YVIE complex.
