AURELIUS successfully closes sale of the GHOTEL Group to Art-Invest Real Estate
Munich, March 2, 2020 – AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8) successfully closed the sale of its subsidiary GHOTEL hotel & living to the Cologne-based Art-Invest Real Estate Group on February 28, 2020.
The buyer Art-Invest Real Estate engages in real estate development and also makes hotel investments and operates hotels through several investment vehicles. The GHOTEL Group has belonged to the equity investment portfolio of the AURELIUS Group already since 2006. During this time, it was developed into a fast-growing, dynamic operator of business hotels with currently 17 locations. By opening new locations and pursuing a successful buy-and-build strategy, it more than doubled its revenues to currently around EUR 60 million in the last three years. The GHOTEL Group is set to continue this positive growth in the coming years, having already signed agreements to open eight additional hotels by 2023.