Mannheim, February 2019. The Mannheim-based hotel management company ACHAT Hotels is continuing its growth strategy. It is starting the spring season with an expansion of five further hotel properties: The existing hotels will be renamed and integrated into the current ACHAT portfolio, thus increasing it to 35 hotels in Germany, Austria, and Hungary and further expanding the Group's geographical spread and associated synergy effects. The new additions include the ACHAT Plaza CityBremen (formerly the Hotel Elements Pure Bremen), ACHAT Premium Regensburg (formerly the Atrium im Park Hotel Regensburg), the new ACHAT Premium Messe-München (formerly the Hotel Schreiberhof Aschheim), the ACHAT Comfort Airport-München (formerly the Corbin Hotel Freising) and the ACHAT Premium Frankfurt/Egelsbach (formerly the Hotel Johanneshof Egelsbach). "Through this acquisition of existing hotels, we underscoring our goal to grow and open up new markets in Germany," says ACHAT Managing Director Philipp Freiherr von Bodman. "We are incredibly proud of this roughly 15 percent expansion. All of the properties are ideal fits for our portfolio, allowing us to expand further three of our four mid-market brands (ACHAT Comfort, ACHAT Premium, ACHAT Plaza, and LOGINN by ACHAT)."
Employee Takeover Guaranteed
In addition, von Bodman announced that other new leases in the pipeline are close to being signed. All employees of the new hotels will also be taken over with the acquisitions. "We are pleased about every dedicated employee on-site, and we will continue to invest in training and development within the group," von Bodman added. "We contribute many years of experience, our management expertise, our grown structures, contacts, and systems, and in the coming two months, we will increase the hotels' profitability as well as their respective market position on-site, and make the properties ready for the future."
Headquartered in Mannheim, Germany, ACHAT Hotels is a growth-oriented hotel management company. Founded in 1991, it was acquired by SME investor HANNOVER Finanz at the end of 2016. The Group now consists of 35 hotels in Germany, Austria, and Hungary. With over 4,100 rooms and apartments, these will be operated under the four brands: ACHAT Comfort, ACHAT Premium, ACHAT Plaza, and LOGINN by ACHAT. The Group focuses on leasing opportunities for new hotel developments under the "LOGINN by ACHAT" brand and the acquisition of existing hotel properties under the other ACHAT brands. At the end of 2018, ACHAT Group's management was renewed to drive the Group's realignment to establish the company as one of the largest and leading hotel management companies in Germany's mid-market segment.
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