Announced
Completed
Financials
Sources
Tags
Completed
hotel
Hotels and Motels
Germany
Private
Majority
Domestic
Acquisition
Friendly
Single Bidder
Synopsis
HR Group, an owner-managed multi-brand hotel, completed the acquisition of Success Hotel Management, a family-run hotel company. Financial terms were not disclosed. "Besides the addition of hotels and projects, I am particularly excited about the experts and competencies within Success Group that will positively complement the company, especially in the area of innovation and digitalisation. I am convinced that synergies will arise on both sides in many places and that we will quickly grow together in partnership to become one big company," Ruslan Husry, HR Group Owner.
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