AURELIUS subsidiary GHOTEL hotel & living successfully completes acquisition of expands with four more locations as franchisee for InterContinental Hotels Group
- Add-on acquisition of new hotels in economically strong locations in Düsseldorf, Gütersloh, Salzburg (Austria) and Osnabrück contribute to revenue boost of approx. 25 percent
- Synergy potential with existing portfolio and further milestone in medium-term expansion strategy
Munich, 31 October 2018 – Hotel operator GHOTEL hotel & living (www.ghotel.de), a subsidiary of AURELIUS Equity Opportunities SE & Co. KGaA (ISIN DE000A0JK2A8), has acquired three hotels in Düsseldorf, Gütersloh, Salzburg (Austria) in operation, and one in Osnabrück, currently still under construction with its opening planned for spring 2019, as an add-on acquisition of Arcadia Hotelbetriebs GmbH effective 31 October 2018. The hotels will be operated under franchise for the InterContinental Hotels Group with the brands Holiday Inn and Holiday Inn Express in Gütersloh. This will boost GHOTEL hotel & living’s revenue by approximately 25 percent.
The new hotels will enable GHOTEL to expand its network with attractive locations in high-growth regions. All of the hotels have enjoyed strong growth rates in recent years and continue to show good potential, especially in the business traveller segment. The hotel in Gütersloh is considered the leading hotel in the area, while the modern hotel in Düsseldorf opened recently, in 2016, and is centrally located downtown. GHOTEL expects considerable synergy potential on the basis of incorporating these new houses in its own hotel network. Cooperation with the InterContinental Hotels Group opens further potential for expansion.
In the first half of 2018, the GHOTEL Group had already acquired three new locations, the nestor brand hotels in Ludwigsburg and Neckarsulm and a downtown hotel in Göttingen. GHOTEL hotel & living will continue its strong growth through 2020 with the opening of five further locations.