AURELIUS subsidiary GHOTEL hotel & living opens two more hotels in Bayreuth

05.06.2018

AURELIUS subsidiary GHOTEL hotel & living opens two more hotels in Bayreuth

  • Two more locations as franchisees for the Accor Group
  • Opening planned for the end of 2019
  • Expansion in full swing, with other projects in the offing

Munich, 5 June 2018 – Hotel operator GHOTEL hotel & living (www.ghotel.de), a subsidiary of AURELIUS Equity Opportunities SE & Co. KGaA (ISIN DE000A0JK2A8), will operate two Accor hotels in Bayreuth as franchisee. The opening of the two ibis houses is planned already for the end of 2019 and will add the attractive business and culture location of Bayreuth to GHOTEL’s Germany-spanning portfolio. GHOTEL was again able to position itself as an attractive franchise partner for the international Accor Group; in November 2017 franchise agreements were signed for two hotels scheduled to open in 2020 under the Novotel and ibis brands at Düsseldorf Airport.

The two brand-name hotels in the economy and budget categories, an “ibis Styles” with 96 rooms and an “ibis budget” with 84 rooms, will be built as a “hotel combo” in Bayreuth in a central location near the main train station between the old city and the Festspielhaus. The concept for the shared public space of the two hotels is already in place. It will be accessible from both hotels and will have its own coffee shop. In addition, a public parking garage will be built next to the hotels. Site acquisition and construction will be by the well-known project developer Fuchs & Söhne GmbH of Berching in the Bavarian Oberpfalz region.

“With these two new projects we are continuing our rapid growth, which has seen seven attractive new hotels for the GHOTEL Group in the last half year,” said Jens Lehmann, CEO of GHOTEL hotel & living. “Our expansion is in full swing and we have further highly interesting hotel projects in view.”

 

About GHOTEL hotel & living
GHOTEL hotel & living is a rapidly expanding hotel and apartment building chain with properties in several cities in Germany. The business hotels with modern conference rooms are marketed under the GHOTEL hotel & living and nestor Hotels brands. They can be found in Kiel, Hanover, Göttingen, Coblenz, Munich, Würzburg, Essen, Ludwigsburg and Neckarsulm. Under the GHOTEL living brand, GHOTEL hotel & living operates “temporary residence” apartment buildings in Bonn and Munich.

GHOTEL GmbH is headquartered in Bonn. Since December 2006 the company has belonged to the AURELIUS Group. CEOs of GHOTEL GmbH are Wolfgang Zurner and Jens Lehmann.

Fuchs & Söhne
With a “land bank” comprising approx. 765,000 m2 of land in various states of Germany and other projects, the FUCHS GROUP is well positioned to meet the current challenges in property development for many kinds of use on the basis of modular construction techniques. Current projects of FUCHS Immobilien- und Projektentwicklung include the expansion of the existing portfolio of light industrial properties in the state of North Rhine-Westphalia and the acquisition of FUCHS-Gewerbepark-Chemnitz, which has approx. 15,000 m2 of space to lease. Another project is the acquisition of a logistics facility in Fürth. In the Nuremberg area, the company is currently investing in and building approx. 70 residential units in standardized hybrid construction techniques on the basis of the KfW 40 Standard. Commercial properties are being studied and developed for hospitality uses at several other locations in Germany, particularly including the company’s own properties in the Munich/airport area.