AURELIUS subsidiary GHOTEL opens a new city hotel in Göttingen

07.03.2018

AURELIUS subsidiary GHOTEL opens a new city hotel in Göttingen

  • Another 4-star property boosts GHOTEL hotel & living's activities
  • The university city of Göttingen is located in a strong economic region in Lower Saxony
  • GHOTEL hotel & living will almost double sales with this and other announced expansion steps over the next two years

Munich – 7 March 2018 – Hotel operator GHOTEL hotel & living (www.ghotel.de), a subsidiary of AURELIUS Equity Opportunities SE & Co. KGaA (ISIN DE000A0JK2A8), has acquired a 4-star hotel and the associated hotel property in Göttingen. The sales transaction is part of a company succession plan. In future the new hotel will be able to benefit from synergies and the group-wide marketing activities of GHOTEL hotel & living. The parties have agreed not to disclose financial details of the transaction.

The 4-star hotel, which is located in central Göttingen, has 144 rooms, seven conference rooms, four workshop rooms, a restaurant and a bar. The hotel is in direct proximity to Göttingens' historic Engine Shed, a multi-purpose hall where major events such as trade fairs, concerts and conferences are held. The hotel is well-connected to commuter transport services, national rail services as well as the motorway network and is used by business guests in particular. Göttingen's ten largest employers are located in an approximately 2.5 kilometre radius. Göttingen is a university city with just under 120,000 residents and is located in the economically strong Hanover-Braunschweig-Göttingen-Wolfsburg metropolitan region. The hotel was built in 1998, is in good condition and is to be upgraded and redesigned by the new owner.

"We are very pleased about this additional step in the growth of our hotel group. This acquisition means that we will be able to offer our guests another attractive location," says Jens Lehmann, managing director of GHOTEL hotel & living. "Over the last three months we have been able to expand with another five locations and over the next two years, GHOTEL hotel & living will be twice the size it is today."

 

About GHOTEL hotel & living

GHOTEL hotel & living is a fast-growing hotel and apartment house chain with mostly 3-star properties in various German cities. The business hotels with modern conference rooms are marketed under the brand name "GHOTEL hotel & living" and are located in Kiel, Hanover, Koblenz, Munich, Würzburg and Essen. GHOTEL hotel & living also operates apartment houses in Bonn and Munich that specialise in short-term accommodation; these are marketed under the brand name GHOTEL living. The administrative main office of GHOTEL GmbH is located in Bonn and the company has been a member of the AURELIUS Group since December 2006. The managing directors of GHOTEL GmbH are Wolfgang Zurner and Jens Lehmann.