AURELIUS subsidiary GHOTEL continues to expand

17.11.2017

AURELIUS subsidiary GHOTEL continues to expand

  • Three new hotel openings signed in Bochum and Düsseldorf
  • GHOTEL group positioned as an approved franchisee
  • Additional hotel projects in planning

Munich - November 17, 2017 – The hotel operator GHOTEL hotel & living (www.ghotel.de), a subsidiary of AURELIUS Equity Opportunities SE & Co. KGaA (ISIN DE000A0JK2A8), continues to pursue its successful expansion strategy. After entering into or extending an average of one new lease agreement per year over the past few years, the Bonn-based company has now accelerated the pace of its growth. The signing for the last of three new locations took place last week. Going forward GHOTEL hotel & living will also be represented with a new hotel with 162 rooms in Bochum and two new hotels totaling 390 rooms in Düsseldorf.

The GHOTEL hotel & living group will operate the two new hotels at the Düsseldorf airport for the first time as a tenant and franchisee of leading Europe-wide hotel group Accor. A Novotel with 210 rooms and an ibis hotel with 180 rooms are slated to open there in 2020. With this move, GHOTEL has positioned itself for the first time as an approved franchisee in the hotel industry. Volkmar Paff, COO of AccorHotels Central Europe, says: "As a modern office and service district with a campus atmosphere, the Quartier (n) in Düsseldorf is an extremely attractive location. We will be represented there with our brands ibis and Novotel starting in 2020. We are very pleased with the collaboration with our new franchise partner GHOTEL hotel & living – an experienced and respected hotel operator."

GHOTEL has been a wholly owned subsidiary of AURELIUS since 2006. Since 2010, the GHOTEL hotel & living Group has opened three new attractive locations in Koblenz, Würzburg, and Essen under the umbrella of AURELIUS.

The group is currently in advanced discussions concerning other hotel projects to be operated under the GHOTEL hotel & living brand and also as franchises.

 

About GHOTEL hotel & living

GHOTEL hotel & living is a rapidly expanding hotel and apartment building chain with mostly 3-star properties in various German cities. The business hotels with modern conference rooms are marketed under the GHOTEL hotel & living brand. They can be found in Kiel, Hannover, Koblenz, Munich, Würzburg, and in Essen. GHOTEL hotel & living also operates apartment buildings in Bonn and Munich with a focus on serviced apartments under the GHOTEL living brand. The head office of GHOTEL GmbH is in Bonn. The Company has belonged to the AURELIUS Group since December 2006. The managing directors of GHOTEL GmbH are Wolfgang Zurner and Jens Lehmann.