Germany's NOVUM Hotel Group Completes Acquisition of the Winters Hotel Company
HAMBURG, GE. September 1, 2015 - The NOVUM Hotel Group, one of the leading hotel groups in Germany, and the Winters Hotel Company have finally reached an agreement for a full share transfer, a deal that was in progress since the beginning of 2015. Through the merger, the NOVUM Hotel Group now operates 55 hotels with over 4,400 hotel rooms across Germany.
"This transaction marks a milestone in our company's history and follows our goal of further expanding the NOVUM Hotel Group into one of the biggest hotel groups in Germany", says David Etmenan, managing partner of the NOVUM Hotel Group.
The Winters Hotel Company, which was previously privately owned as well, offers a stable and high quality hotel portfolio in prominent locations in Berlin, Munich and Frankfurt/Offenbach am Main.
"With this takeover we secured ourselves a portfolio of modern, 4-star hotels in locations that simply can't be found anymore, like for example directly at Checkpoint Charlie, the Gendarmenmarkt in Berlin-Mitte or across the Munich central station. Furthermore, the items are already well established in the market and the current corporate structure of the Winters Hotel Company coincides wonderfully with our corporate philosophy", adds David Etmenan.
The NOVUM Hotel Group wants to continue with its strategy of a sustained expansion to keep its hotel portfolio growing.
More information can be found at: https://www.novum-hotels.de/novum-hotels-expansion.php
About the Novum Hotel Group
With currently 55 hotels and over 4400 rooms in 14 different cities nationwide, the family owned Novum Hotel Group is among of the top 10 biggest hotel groups in Germany. Foundation took place in 1988, and since 2004 has been growing steadily. Under the direction of David Etmenan, the Novum Hotel Group has delivered extraordinary results. The hotels are 3 and 4 star items, which are operated as three individual brands. Further information on the Novum Hotel Group can be found at http://www.novumgroup.de/ and https://www.novum-hotels.de/
Contact:
Franziska Mettenheimer
presse@novumgroup.de
040 600 808 - 264
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