AURELIUS subsidiary GHOTEL hotel & living to open new hotel in Munich
- New hotel to be operated as a franchisee for AccorHotels in Munich
- Fifth AccorHotels location to open in 2022
- GHOTEL to continue its successful expansion at a rapid pace in 2019
Munich / Bonn, January 29, 2019 – The GHOTEL Group (www.ghotel.de), a subsidiary of AURELIUS Equity Opportunities SE & Co. KGaA (ISIN DE000A0JK2A8), will open another hotel in Munich-Neuperlach as a franchise partner of AccorHotels. Thus, the successful collaboration with AccorHotels continues with the fifth jointly operated location. The hotel will have 172 rooms on five floors and will be marketed in the 3-star segment under the brand name ibis Styles. The opening of the newly built hotel is planned for 2022.
The new hotel will be conveniently located close to the subway line and across from the well-known shopping center “PEP Einkaufscenter Neuperlach.” It will be built in the middle of an attractive neighborhood of office buildings within easy reach of the Munich Exhibition Center. The lessor is the project development company CONCRETE Capital in a joint venture with BHB Bauträger GmbH Bayern. The hotel development is part of the “New Neuperlach Center” project, featuring a usage mix ranging from local supply and services, rental and student apartments to top-quality restaurants.
“We are expanding our portfolio in Munich with this new hotel to be operated under the ibis Styles brand. Beginning in 2022, the new hotel in München-Neuperlach will complement the two existing GHOTEL hotel & living locations in “Munich City” and “Munich-Nymphenburg,” which we have operated for many years. At the same time, we are deepening our successful partnership with AccorHotels. This is already the fifth project we will realize with Accor within a short period of time,” says Jens Lehmann, Managing Director of the GHOTEL Group.
Franchise agreements for two hotels to be operated at Düsseldorf Airport under the Novotel and ibis brands were signed in November 2017. The opening of these hotels is planned for 2020. In addition, franchise agreements for two new hotels in Bayreuth were signed with AccorHotels in mid-2018. These are expected to open in late 2019. With the latest contract signing, the GHOTEL Group has again positioned itself as an attractive franchise partner for the AccorHotels international hotel group.
The expansion of the GHOTEL Group will continue at a rapid pace in the current year as well.