LuLu Group International’s hospitality investment arm, Twenty14 Holdings, has entered into an agreement to acquire, on completion, the future Intercity Zurich Airport from Swiss developer Necron AG. The 260-room purpose-built hotel, located close to Zurich Airport, represents Abu Dhabi-based LuLu Group and the Intercity brand’s first entry into the Swiss market. The hotel is scheduled to open in 2020 and will be operated by Deutsche Hospitality under a 20-year lease agreement. Necron is a Swiss-based real estate development and investment company with a focus on commercial real estate in Switzerland, the Netherlands and Germany. HVS Hodges Ward Elliott acted as the seller’s agent in this transaction.