Keyword: Novum Hotel Group
Several multiple development agreements and project-specific deals with established partners.will boost the company's portfolio across Europe.
Construction of the 130-guestroom Niu Cure hotel is slated to begin at the end of 2019 and the will open in 2021.
Novum Hospitality has partnered with GBI AG to develop the 344-room Niu Air.
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.