German hotel operator ACHAT is broadening with the addition of 13 Michel hotel Group rental homes to its portfolio in early March, bringing over 1,600 spaces into its system.
With the acquisition of these 13 residential or commercial properties, ACHAT Hotels continues its growth in the German market, now counting more than 50 hotels. The group’s portfolio will likewise be broadened with the opening of 5 Loginn hotels this year.
Managing partner Philipp Bodman sees the brand-new hotels as complementary in regards to location, services, offering and viewpoint as a host and company.
From the structure of our 2 business, the very same understanding of worths to our comparable offering in the 3 to 4 star sector for conferences, company tourists and people, we are an ideal match.
Philipp Bodman, Managing Partner, ACHAT Hotels
Ido Michel, who has actually been establishing the Michel hotel Group because 2009, will continue to own and rent the 13 residential or commercial property hotels. In the future, he will concentrate on the targeted growth of his hospitality portfolio, with Achat working together with him as an operator.
In addition, all existing staff members of Michel hotel will be maintained by ACHAT Hotels, given that, according to Philipp Bodman, “getting the workers on board with us was a requirement we set ourselves as a requirement for this relocation.
A growth strategy gotten ready for a number of years thanks to “the facility of a knowledgeable and dedicated group that has actually allowed us to produce robust structures to establish both operationally and in regards to modernising our brand name.”
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