DGAP-News: AURELIUS Equity Opportunities SE & Co. KGaA / Key word(s): Miscellaneous
AURELIUS subsidiary GHOTEL continues to expand

17.11.2017 / 08:00
The issuer is solely responsible for the content of this announcement.


AURELIUS subsidiary GHOTEL continues to expand

- Three new hotel openings signed in Bochum and Düsseldorf

- GHOTEL group positioned as an approved franchisee

- Additional hotel projects in planning

Munich - November 17, 2017 - The hotel operator GHOTEL hotel & living (www.ghotel.de), a subsidiary of AURELIUS Equity Opportunities SE & Co. KGaA (ISIN DE000A0JK2A8), continues to pursue its successful expansion strategy. After entering into or extending an average of one new lease agreement per year over the past few years, the Bonn-based company has now accelerated the pace of its growth. The signing for the last of three new locations took place last week. Going forward GHOTEL hotel & living will also be represented with a new hotel with 162 rooms in Bochum and two new hotels totaling 390 rooms in Düsseldorf.

The GHOTEL hotel & living group will operate the two new hotels at the Düsseldorf airport for the first time as a tenant and franchisee of leading Europe-wide hotel group Accor. A Novotel with 210 rooms and an ibis hotel with 180 rooms are slated to open there in 2020. With this move, GHOTEL has positioned itself for the first time as an approved franchisee in the hotel industry. Volkmar Paff, COO of AccorHotels Central Europe, says: "As a modern office and service district with a campus atmosphere, the Quartier (n) in Düsseldorf is an extremely attractive location. We will be represented there with our brands ibis and Novotel starting in 2020. We are very pleased with the collaboration with our new franchise partner GHOTEL hotel & living - an experienced and respected hotel operator."

GHOTEL has been a wholly owned subsidiary of AURELIUS since 2006. Since 2010, the GHOTEL hotel & living Group has opened three new attractive locations in Koblenz, Würzburg, and Essen under the umbrella of AURELIUS.

The group is currently in advanced discussions concerning other hotel projects to be operated under the GHOTEL hotel & living brand and also as franchises.

About GHOTEL hotel & living

GHOTEL hotel & living is a rapidly expanding hotel and apartment building chain with mostly 3-star properties in various German cities. The business hotels with modern conference rooms are marketed under the GHOTEL hotel & living brand. They can be found in Kiel, Hannover, Koblenz, Munich, Würzburg, and in Essen. GHOTEL hotel & living also operates apartment buildings in Bonn and Munich with a focus on serviced apartments under the GHOTEL living brand. The head office of GHOTEL GmbH is in Bonn. The Company has belonged to the AURELIUS Group since December 2006. The managing directors of GHOTEL GmbH are Wolfgang Zurner and Jens Lehmann.


ABOUT AURELIUS

AURELIUS Group is a pan-European asset manager with offices in Munich, London, Stockholm and Madrid. Over the last ten years AURELIUS has grown from a local turnaround investor to an international multi-asset manager investing in a wide range of sectors and across the capital structure.

AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8, Ticker Symbol: AR4) represents the listed entity within the AURELIUS Group that focusses on investing in Special Situations and MidMarket transaction opportunities. AURELIUS Equity Opportunities currently has 22 portfolio companies located across Europe which employ around 20,500 people and generate annual revenues of more than EUR 3.5 billion. The shares of AURELIUS Equity Opportunities are traded on all German stock exchanges with a market capitalization of c. EUR 1.5 billion as of November 2017.

With its group charity AURELIUS Refugee Initiative, AURELIUS provides comprehensive support for refugees on their way towards a better life.

To find out more, visit www.aureliusinvest.com

CONTACT

AURELIUS Group
Anke Banaschewski
Investor Relations & Corporate Communications
Phone: +49 (89) 544799-0
Fax: +49 (89) 544799-55
E-Mail: investor@aureliusinvest.de


 


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The issuer is solely responsible for the content of this announcement.

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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: info@aureliusinvest.de
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

630331  17.11.2017 

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