Novum Group

NOVUM Hotel Group’s Record-Breaking Turnover in 2016

Hamburg, 24th January 2017

NOVUM Hotel Group’s Record-Breaking Turnover in 2016

  • Record-breaking turnover in 2016
  • Increase of more than 37 per cent compared to the previous year
  • The international expansion policy to continue in 2017

More records are in the pipeline: Tourism in Germany is booming and so is the NOVUM Hotel Group. Based on preliminary figures the NOVUM Hotel Group achieved an impressive record turnover compared to the previous year amounting to 115 million euros (across the Group). Currently, the NOVUM Hotel Group operates and develops 123 hotels with more than 13,300 rooms throughout Europe.

As a result the NOVUM Hotel Group closed the business year 2016 with a record-breaking turnover of 114.6 million euros (throughout the Group*), which represents an increase of 37% compared to the previous year. The GOP also increased considerably to 49.8 million euros (+ 37%) and the EBITDA to 15.9 million euros (+ 44%). The equity grew to 32.6 million euros throughout the Group (+ 35%).

NOVUM Hotel Group übetrtrifft Umsatzrekord

‘We are proud to be able to look after our father’s heritage and to having again expanded our family concern considerably during the business year 2016, thus making it the most successful business year yet for the NOVUM Hotel Group,’ announces David Etmenan, Managing Partner of the NOVUM Hotel Group, happily.

The project folder is well packed and further hotel projects all over Europe will be announced in the near future. By converting existing buildings, constructing new buildings and re-branding with the Group’s own brands of NOVUM Style Hotels, NOVUM Hotels, NOVUM Select Hotels and NOVUM LikeApart Hotels, the Group is set to grow further in Germany, Austria, the Netherlands, Great Britain, the Czech Republic as well as Hungary.

Further franchise hotels, in partnership with leading hotel concerns such as the InterContinental Hotels Group (IHG), AccorHotels and Best Western Hotels will be added step by step. ‘We thoroughly investigate the perfect hotel concept as well as the brand for each location and are able to benefit from proven hotel designs,’ reveals Etmenan as part of his secret for success.

The internally set benchmark of creating 150 hotels within the next three years may have to be adjusted upwards.

In view of the progressing growth, the company headquarters in the city centre of Hamburg will be extended in spring. The opening of a company-own ‘NOVUM Academy’ is also in the works to allow employees to be further trained and develop their skills.
The Group’s charismatic owner, David Etmenan, is the driving force of the NOVUM Hotel Group, who manages the company together with his siblings.

In honour of his father’s lifetime achievements, he founded the charitable ‘Nader Etmenan Stiftung’ at the end of 2015, which focuses on promoting – amongst others – children in need.

*Novum Hotels Holding GmbH, Novum Group Holding GmbH and Novum Group Hotels Holding GmbH.

NOVUM Group Press department
An der Alster 63, 20099 Hamburg

+49 40 600 808 264
presse@novumgroup.de

For further information, photograph or interview requests, we are happy to help you.

Carmen Majewski
Communications Manager

ABOUT THE NOVUM GROUP
The family-managed Novum Hotel Group with currently 153 hotels and more than 18 450 rooms in over 65 locations throughout Europe is one of the largest hotel groups in Germany. Established in 1988 and on a steady course of continuous expansion since 2004 under the management of David Etmenan, the Novum Hotel Group proves to be exceedingly dynamic. The group’s hotel portfolio includes three and four-star hotels, always centrally located, operating under the brand names of Novum Hotels, Novum Select Hotels, Novum Style Hotels, and Novum LikeApart Hotels. In addition, the NOVUM Hotel Group is a franchisee of the InterContinental Hotel Group and Accor.

Under the name NOVUM Zinshaus, the NOVUM Group has set up a private real estate investment company and brings together all real estate activity of the NOVUM Group’s principals. NOVUM Zinshaus’ focus lies on the expansion of a profitable real estate portfolio – residential building as well as hotels – and a clearly defined appreciation strategy through a structured asset management.
NOVUM Flächenprofi offers a competent integrated solution for your individual construction, renovation and maintenance projects. From a competent consultation through a reliable execution to the long-term maintenance and controlling – our constant goal is your satisfaction. A wide range of services as well as highly-qualified employees set us apart and provide you with optimal results.
The NOVUM IT Solutions represents the in-house IT specialists of the NOVUM Group, who creates a professional and economical system infrastructure. The NOVUM IT Solutions therefore obtains a profitable work environment in both the individual hotels and the company headquarters.

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