The construction is due to begin in early 2016 for Leitz Park III - an expansion of the new Leica Camera AG headquarters known as Leitz Park (II). The €50M project will see four buildings created on an adjacent site. One building will be a "four-star plus" hotel called "Ernst-Leitz-Hotel" with 120 beds, another will be "Leica World" which will contain a museum, the archive, the Leica Academy and one of the world's few outlet stores, a third will contain a lecture hall for the Technical University of Central Hesse (THM) and finally, the new HQ of CW Sonderoptic will make up the fourth building. Parking will be available on the grounds and underneath Leica World. Leica Camera AG and ACM are hoping to fill beds by the end of 2017. There's already talk of Leitz Park IV. Some additional details over on the Wetzlarer Neue Zeitung site under "Hotel complements the Leitz Park" (in German). Read more below for translation.