HR Group acquires 5 more hotels
Both Dorint hotels will keep their existing brand. The Arcadia hotels will be part of the recently announced new partnership with Wyndham Hotels & Resorts as Ramada hotels.
"I am happy that we are able to strengthen our exisiting cooperation with Dorint by that transaction and to gain a new strong partner with Wyndham Hotels & Resorts", says Ruslan Husry, Managing Director of the HR Group. The transactions have been realised in cooperation with JLL, Engel und Völkers Investment Consulting, KPMG, Treugast, Hogan Lovells and Dekra and financed by CAERUS Debt Investments AG.
In autumn 2017 the HR Group already acquired the 5-star boutique hotel Portals Hills in Majorca as well as the Arcadia hotel München Airport. That growth has now led to a total of 34 hotels with more than 5,000 rooms in Germany, the Netherlands and Spain. For 2018 the group expects a rise of the total turnover to more than 150 million Euro.