In Wolfsburg, Germany, the Novum Group has acquired the Hotel Strijewski.
The Hotel will be operated as wholly owned subsidiary, and the full staff will be retained.
In a statement, David Etmenan, CEO of the Novum Group, noted the company's plan to have 85 hotels open by 2020. Strategically, acquisitions have played an "essential role" in the company's development. "Both the organic as well as the external growth have significantly contributed to our success in the past," Etmenan said.