Trans World Corporation, an owner and operator of casinos and a hotel in Europe, has announced that it has acquired Hotel Columbus, a modern, four-star 117-room business hotel property, located in the suburb of Seligenstadt, Germany, 25 minutes from both downtown Frankfurt and Frankfurt international airport.
Mr. Rami Ramadan, Chief Executive Officer of TWC commented, “We feel that the acquisition of the Hotel Columbus fits well into our portfolio, which already includes a similar four-star category hotel, the Hotel Savannah, located in Hate, Czech Republic. Hotel Columbus is strategically located approximately 23 kilometers outside of Frankfurt, the largest financial centre in continental Europe. This hotel also has significant opportunity for additional growth, and we plan to employ an aggressive sales and marketing strategy. The property’s convenient location near a major highway and its ample meeting space are attractive selling points to regional businesses. We are very pleased to have acquired this hotel at a favorable valuation, with no dilution to our current shareholders. Our Board of Directors and management team are committed toward the growth of the Company to drive shareholder value.”
The newly renovated property includes five meeting rooms equipped with the latest conference technology, a spacious restaurant and separate breakfast room, each with its own kitchen, two full-service bars, a 32-space parking garage and a 27-space surface parking lot.
Frankfurt is home to the European Central Bank, Deutsche Bundesbank, Frankfurt Stock Exchange and several other large commercial banks, and ranks amongst the world’s leading financial centres. With a population of 687,775, Frankfurt is Germany’s fifth largest city.
