NOVUM Hospitality takes niu Charly to Frankfurt
At the heart of the vibrant business metropolis, between the railway terminus and the financial district, one of more than 35 planned NOVUM Hospitality niu hotels is being built. According to current planning, the hotel with 189 rooms is due to open at Niddastrasse 60-62 at the end of 2018. "The capacity on the Frankfurt hotel market has grown over the past few years, as we too have recognised, and that is why we are delighted with the extremely central location. And it won"t stop with just one niu hotel in Frankfurt," reveals David Etmenan, CEO and owner of NOVUM Hospitality. NOVUM has partnered up with Commerz Real, as the proprietor, as well as GOLD.STEIN real estate M+E GmbH & Co.KG, as the project developer, for this project. The purchase was structured by Commerz Real as an asset deal in the form of a forward funding project.