Keyword: Novum Hotel Group
Merkur Development and Novum Hospitality will continue their partnership through a new plan to develop a Niu hotel in Eschborn, Germany.
Wyndham Hotel Group and Novum Hospitality have planned to open up to 20 hotels across Europe.
By implementing cost-cutting measures and smart policies for growing revenue, hotels can drive solid profit.
David Etmenan talks the major trends facing the industry, strategies to grow profits and why new brands are causing "chaos."
The deal will cover 20 hotels across Europe and includes key markets such as Germany, Austria and the Netherlands.
The German group has nearly 100 hotels in its portfolio, and is still growing.
Less than a month after buying land for a Novum hotel by the city's rail station, Commerz Real is planning another property.
Düsseldorf-based Commerz Real has acquired a future hotel complex in Frankfurt-am-Main.