German hotel groups merge
Germany?s NOVUM Hotel Group and the Winters Hotel Company reach an agreement for a full share transfer. Through the merger, NOVUM 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, has a 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 from Munich central station,? says Etmenan.