Hotel Announcements
Pipeline21 January 2019

Bayreuth, Germany

Art-Invest acquires dual-branded Ibis Styles and Ibis Budget in Bayreuth, Germany

Scheduled for 2020 – 180 Rooms

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German real estate fund Art-Invest Real Estate is acquiring the dual-branded Ibis Styles and Ibis Budget hotel in Bayreuth, Germany from local developer Fuchs & Söhne. The property is currently under construction and is planned to open in 2020. Both hotels will be operated by GHotel Germany GmbH under a long-term lease agreement and subject to a franchise agreement with AccorHotels. The property will have a combined 180 rooms, with 96 operated under the Ibis Styles brand and 84 under the Ibis Budget brand.

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ibis budget

Ibis budget is Accor’s benchmark brand in the budget segment. This nifty, casual brand offers a simple, no frills solution and has made essential comfort at a budget price central to its thinking. With more than 500 hotels in 16 countries, ibis budget offers its guests comfortable rooms with fluffy duvet and pillows, free WI-FI (except in Australia) and a gourmet breakfast buffet.
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ibis Styles

The stylishly designed hotels where the little extras don’t cost extra! A non-standardised economy and design brand aimed at all those who are looking for “the best of the best”, ibis Styles offers an all-inclusive package, with room rates including breakfast and internet access.
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Brand Owner

Accor

Accor is a world-leading hospitality group consisting of more than 5,000 properties and 10,000 food and beverage venues throughout 110 countries. The group has one of the industry’s most diverse and fully-integrated hospitality ecosystems encompassing luxury and premium brands, midscale and economy offerings, unique lifestyle concepts, entertainment and nightlife venues, restaurants and bars, branded private residences, shared accommodation properties, concierge services, co-working spaces and more.
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