NOVUM Group Hotels has announced that it acquired seven sleepNsmile Hotels on 1st September 2016. The rapidly expanding hotel group‘s portfolio has now reached 95 hotels with more than 9,300 rooms at 29 locations in Europe.
“The sleepNsmile Hotels fit perfectly into our portfolio. They are situated near top locations at interesting destinations. We will cautiously customize the existing hotels according to our corporate identity standards and implement our successful brand philosophy,“ says David Etmenan, CEO of NOVUM Group.
The acquisition involves two hotels in Dresden, two hotels Neuss as well as three hotels in Düsseldorf.
Dresden: Novum Hotel am Bonhoefferplatz and Novum Hotel Dresden Airport
Neuss: Novum Hotel Viktoria and Novum Hotel Mirage
Düsseldorf: Novum Hotel Antares, Novum Hotel an der Kö and Novum Hotel an der Oper
In Germany, succession arrangements are lined up in the next years, concerning numerous private hotel companies.”We are considered a financially potent and, when it comes to booking know-how, an extremely strong partner for hotel operators and owners,“ comments Etmenan.
The German hotel market is also very important for international investors. This year is expected to set another tourism record, with four percent more overnight stays than in the previous year.