NOVUM Hotel Group and GBI AG to Develop 352-Room Hotel in Frankfurt, Germany
December 8, 2016 11:36am
Hamburg/Berlin/Frankfurt, 8 December 2016 - Frankfurt am Main is in pole position: Increasingly more banks, financial institutions and Fintechs want to be part of the thriving metropolis at the Main river. By erecting yet another new hotel the NOVUM Hotel Group will meet this strongly growing demand. A hotel of the NOVUM Style Hotel brand with 352 rooms will be erected in the vicinity of the central exhibition grounds, in cooperation with the largest hotel project developer in German cities, the GBI AG, who has sold resp. set up projects of above 1.0 billion Euros.
’By looking ahead into the near future and considering our plans to continuously develop our own brand of NOVUM Style Hotels we are more than pleased to have taken on board a reliable partner with a strong and renowned reputation,‘ says David Etmenan, managing partner of the NOVUM Group. ‘GBI AG will most certainly enhance future projects of our hotel group.‘
The hotel market in Frankfurt is considered to be strong and continuously growing: The number of overnight stays rose by nearly eight percent in 2015, reflecting a record level for the sixth year running. The leading international fairs are the main events attracting the most guests. Etmenan is convinced that this new location will further the successful history of the NOVUM Hotel Group.
‘The location at the Rebstockpark is an ideal position for our contemporary and state-of-the-art Novum Style Hotel as this district is considered to be the gateway to the heavily frequented Messe Frankfurt exhibition grounds,’ summarises David Etmenan. The strongly expanding hotel group already operates three hotels in Frankfurt am Main. Two more hotels are currently developed at a sought-after location in the vicinity of concert and conference venue the Alte Oper.
GBI AG is well experienced in developing hotels in Frankfurt am Main. Amongst others there are two mixed-use projects in the ‘Europaviertel‘ in the Main metropolis being developed at present whereby several hotel brands of different nature are combined with student apartments and a day care centre for children. ‘Frankfurt’s potential of being the host to such an impressive number of financial institutes and trade fairs is going from strength to strength. The Brexit also contributed to this positive market development,’ according to Reiner Nittka, GBI AG board spokesman. Clemens Jung, authorised signatory and the company’s leading project manager: ‘We are very happy about the fact that we were able to acquire and set up this well established location with its excellent traffic connections in combination with the strong and creative brand of the NOVUM Group.’
The Hamburg NOVUM Hotel Group has by now been expanding throughout Europe for years. The number of hotels (operating or being developed) has increased to a remarkable 111 with altogether 11,750 rooms. Apart from their four own brands (NOVUM Hotels, NOVUM Style Hotels, NOVUM Select Hotels and NOVUM LikeApart Hotels) they operate or newly develop other hotel brands of renowned franchise partners such as AccorHotels and InterContinental Hotels Group.
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The family-managed Novum Hotel Group with currently 111 hotels and more than 11,750 rooms at over 30 locations throughout Europe is one of the largest hotel groups in Germany. Established in 1988 and continuously expanding since 2004 under the management of David Etmenan, the Novum Hotel Group proves to be extremely dynamic. The hotel portfolio includes three and four star hotels, always centrally located, operating under the brand names of Novum Hotels, Novum Select Hotels, Novum Style Hotels, and Novum LikeApart Hotels. Additionally, the NOVUM Hotel Group functions as a franchise holder and operator to InterContinental Hotels Group and Accor. www.novumgroup.de
+49 40/ 600 808 - 264
GBI AG is active in developing property projects mainly constructing hotels and residential buildings. Since the company was established in 2001, hotel and apartment projects were sold resp. placed in Germany either by GBI AG on their own or in cooperation with partners, amounting to a volume of more than one billion Euros. Starting in 2010 GBI AG focussed increasingly more on being involved in developing and building student apartments. To date more than 3,540 apartments have been built or are in the planning phase under the name of ‘SMARTments student’, amongst others in Hamburg, Frankfurt am Main, Darmstadt, Mainz and Cologne. Under the SMARTments brand further projects are developed: SMARTments business and SMARTments living. Frankonia Vermögensverwaltungs- und Beteiligungsgesellschaft mbH and Moses Mendelssohn Vermögens-Verwaltung GmbH (as GBI AG‘s parent company) are holding 50% shares each. Reiner Nittka (spokesman), Markus Beugel, Engelbert Maus, Gerrit M. Ernst and Dagmar Specht represent the GBI AG executive board members. www.gbi.ag
Contact: Wolfgang Ludwig
+49 221 – 29219282
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