Porto Franco OÜ signed an agreement with the Norwegian hotel operator Citybox to build a Citybox Hotel in the Porto Franco I building. Citybox is a chain of innovative hotels in city centers offering fully automatic service, which allows offering a reasonable price. The Citybox Hotel in Tallinn, Porto Franco, will be completed by June 2019.
“Tallinn is both a historic city and a very future-oriented city. I am convinced that Citybox will be a good match for Tallinn,” says founder of Citybox, Martin Smith-Sivertsen, Chairman of the board of Citybox AS.
“We are excited to open up our first hotel abroad in Tallinn and this is just the start of our strategy to open up many more hotels in the largest cities in Europe,” says CEO of Citybox, Eivind Hjulstad.
“Porto Franco has the best location in the city, by the harbor and right next to the historic city.
Citybox will be a new innovative hotel to the hotel market in Tallinn and we are sure, that our hotel will be a great contributor for visiting guests. We have a great faith in our own concept and we strongly believe that a modern and new budget hotel is something that fits very well with the profile of Porto Franco.”
“The Citybox concept is well suited to Porto Franco’s new city-center vision: an innovative hotel that offers comfort and ease while remaining affordable. We are looking for partners for modern companies to make Porto Franco a modern, comfortable city center with all the amenities,” said Rauno Teder, chairman of the Porto Franco OÜ developing the Porto Franco city district. “Citybox hotels are very popular, for example, in TripAdvisor, Citybox was chosen for many years as a favorite for travelers. In such a market niche, Citybox is the first hotel in Tallinn, and I am very pleased that it comes to Porto Franco.”
“Citybox has entrusted the consulting on its enlargement in Europe to Colliers International. The more pleased we are to see that among all the other countries in the region, Estonia is the first for Citybox to put down its stake,” said Avo Rõõmussaar, chairman of the board and the Estonian partner of Colliers International. “According to our estimates, Citybox is a new quality on the Estonian market. The hotel offers everything you expect from a modern hotel – a good location, modern interior design, fast (electronic) check-in and check-out, and flexible pricing policies. Located in the heart of the city, Porto Franco is just such a project, which already makes a significant contribution to the success of the hotel.”
Citybox Hotel in Tallinn opens in June 2019 on the 1st floor of the Porto Franco I building (reception area) and on floors 3-5. The hotel has 270 rooms, including single rooms, double rooms, and 4-people family rooms. The total area of the hotel is 8575m2. The target group of hotel clients are tourists in a city break and business travelers.
Citybox AS was founded in 2006 – the first Citybox hotel was opened in Norway’s second largest city, Bergen. Citybox of Oslo was opened in 2013. At the beginning of 2019, the second Citybox Hotel, the third hotel in the chain will be opened in Bergen where it has become very popular. Both the hotels in Bergen and Oslo have already been expanded, and both are above the average market occupancy, with over 80%. In the coming years, Citybox plans to expand to Denmark, Finland and other countries of the Baltic States in addition to Estonia. Citybox AS had a turnover of EUR 8.36 million in 2017. The company employs 60 persons.
Citybox Hotels offer what is most needed on city holidays and business trips: location in the city center, a nice room and modern technology (including free, high-quality wifi). The Citybox concept is modern and consistent with world trends, which emphasize the independence of customers through which affordable prices can be provided. The Citybox Hotel has an innovative, fully automatic service.
Citybox Tallinn hotel in Porto Franco
Citybox Tallinn Hotel is the first fully automatic self-service hotel in Tallinn