31.08.2018
AURELIUS Equity Opportunities SE & Co. KGaA DE000A0JK2A8
DGAP-News: AURELIUS subsidiary GHOTEL hotel & living expands with four more locations
DGAP-News: AURELIUS Equity Opportunities SE & Co. KGaA / Key word(s):
Takeover
AURELIUS subsidiary GHOTEL hotel & living expands with four more locations
31.08.2018 / 07:30
The issuer is solely responsible for the content of this announcement.
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AURELIUS subsidiary GHOTEL hotel & living expands with four more locations
- Add-on acquisition of new hotels in economically strong locations
contributes approx. 25 percent revenue boost
- GHOTEL hotel & living as franchisee for InterContinental Hotels Group
- Potential for synergies with existing portfolio and further milestone in
medium-term expansion strategy
Munich, 31 August 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. 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 customer segment. The hotel in Gütersloh is considered the
leading hotel in its location, 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.
"We are delighted with this further growth step as a new franchise partner
of the InterContinental Hotels Group" said Jens Lehmann, CEO of GHOTEL hotel
& living. "We have signed a multi-development agreement which sets joint
growth targets for the coming years."
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.
About GHOTEL hotel & living
GHOTEL hotel & living is an expanding hotel and apartment building chain
with 12 properties in several cities in Germany including Kiel, Hannover,
Göttingen, Koblenz, Munich, Würzburg, Essen, Ludwigsburg and Neckarsulm. The
business hotels with modern conference rooms are marketed under the GHOTEL
hotel & living and nestor Hotels brands as well as the franchise brands
Accor and InterContinental Hotels Group. Under the GHOTEL living brand,
GHOTEL hotel & living also operates "temporary residence" apartment
buildings in Bonn and Munich. GHOTEL hotel & living is headquartered in Bonn
and belongs to AURELIUS Group since December 2006.
About AURELIUS
AURELIUS Group is a pan-European investment group with offices in Munich,
London, Stockholm and Madrid. Since it was founded in 2006, AURELIUS has
grown from a local turnaround investor to an international multi-asset
manager.
AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8, ticker
symbol: AR4) represents the listed entity within the AURELIUS Group that
focuses on investing in special and turnaround situations and mid-market
transaction opportunities in a broad range of industries. AURELIUS Equity
Opportunities currently has 22 portfolio companies located across Europe
which employ around 20,000 people and generate annual revenues of more than
EUR 3.8 billion. The shares of AURELIUS Equity Opportunities are traded on
all German stock exchanges. The company's market capitalization is
approximately EUR 1.3 billion (as of August 2018).
The AURELIUS Group also operates in the areas of growth capital and debt
opportunities. AURELIUS Growth Capital invests in successor solutions and
spin-offs from larger mid-sized companies and corporate groups. AURELIUS
Debt Opportunities provides capital to British companies in the form of
alternative financing vehicles.
With its group charity AURELIUS Refugee Initiative e.V., AURELIUS provides
comprehensive support for refugees on their way towards a better life.
To find out more, visit www.aureliusinvest.de.
Contact
AURELIUS Group
Anke Banaschewski
Investor Relations & Corporate Communications
Phone: +49 (89) 544799 - 0
Fax: +49 (89) 544799 - 55
E-mail: [email protected]
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31.08.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: AURELIUS Equity Opportunities SE & Co. KGaA
Ludwig-Ganghofer-Straße 6
82031 Grünwald
Germany
Phone: +49 (0)89 544 799-0
Fax: +49 (0)89 544 799-55
E-mail: [email protected]
Internet: www.aureliusinvest.de
ISIN: DE000A0JK2A8
WKN: A0JK2A
Listed: Regulated Unofficial Market in Berlin, Frankfurt, Hamburg,
Munich (m:access), Stuttgart, Tradegate Exchange
End of News DGAP News Service
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719317 31.08.2018
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