Novum Group

Future of historic hotel Arosa secured

Historic hotel Arosa in Essen

Hamburg, 30th June 2016

Future of historic hotel Arosa secured

After the present tenant of the object, the Libertas Essen GmbH, decided not to extend the lease after 30th June 2016 and ceased operations on 26th June 2016, the future of the traditional Hotel Arosa at Rüttenscheider Strasse 149-151 in Essen-Rüttenscheid remained unclear. The manager of the property’s new owner, Gunnar Marx of MARX City Investor GmbH & Co. KG, explains:

“Our know-how and expertise lie in unambiguously in retail and housing when it comes to the real estate economic area – in the past, we have utilized our acquired, mixed-use objects including hotel operations for other uses, after leases ran out. This is also true for the rooms of Hotel Arosa, where we intensely checked other, different utilisation possibilities, such as residences, offices and retail stores. The alternative planning is now complete.“

Historic hotel Arosa in Essen

The hotel Arosa in Essen-Rüttenscheid is known to every local citizen – in 1966, the hotel was founded where Franziskastrasse and Rüttenscheider Strasse meet. The brightly shining building is respresentative for the whole part of Essen-Rüttenscheid. Prominent guests like the Rolling Stones stayed in the hotel in the past.

“To us, having the best interest of our employees was a matter of heart“, says Gunnar Marx, “which was also one of the reasons why we decided to continue operating the hotel at this point.“

The new tenant of the property is the NOVUM Hotel Group which will operate the hotel under the name “Novum Hotel Arosa“ in the near future. “We love hotels steeped in tradition“, explains David Etmenan, Chief Executive Officer and Owner the NOVUM Group, regarding the takeover. “In October 2016, we start with the Hotel Handelshof in Kettwiger Strasse – where the parents of Heinz Rühmann had already led this traditional house – and the Rolling-Stones have stayed at the Arosa. Tradition is very important to us!“

The whole hotel is going to be modernised. Among other changes, 64 old bathrooms are to be renovated, in order for the rooms to be up to date with today’s standards. The reception will be moved to the first floor and the hotel will receive a new, modern entrance on the side of Franziskastrasse.

The NOVUM Hotel Group is already operating the Novum Hotel Ambassador, the Handelshof follows in October 2016 and next year, the new building of the Novum Style Hotel Essen within the Europacenter will complement the portfolio in Essen.

“With that, we are represented in Essen with four hotels and can generate appropriate synergetic effects “, explains David Etmenan further.

There is a seamless crossing: The NOVUM Hotel Group takes over the hotel Arosa on 1st July 2016.

“Despite already operating eighty hotels throughout Europe, we were never able to negotiate a lease so quickly before like the one for Hotel Arosa. This is because we are a family office and our lessor, the MARX City Investor GmbH & Co. KG as a tenant – also a Family office – has nearly identical structures to ours. If both partners know precisely what they want, then even nowadays, an agreement can be reached pretty fast“, according to David Etmenan.

The building at Rüttenscheider Strasse 149-151 is thus completely rented: On the ground floor, the catering trade companies Baba Green and Vapiano will open individual branches and the travel agency First will remain as a tenant within the object. “We are now only waiting for the planning permission – then the rebuilding can begin on the ground floor and then we can start turning our ambitious plans into reality“ explains Gunnar Marx, managing companion of MARX City Investor GmbH & Co. KG.

NOVUM Group Press department
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+49 40 600 808 336
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Carmen Majewski
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ABOUT THE NOVUM GROUP
The NOVUM Group is a family-owned company, operating more than 153 hotels with over 18 450 rooms at 65 locations in Europe under the brand NOVUM Group Hotels. The hotels are 3 and 4-star properties in central locations, whose individual character is appealing to tourists and business travellers alike.

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.

ABOUT THE MARX CITY INVESTOR GMBH & CO. KG
Headquartered in Castle Baldeney in Essen, the company specialises on real estate development throughout Germany. Regarding the company’s projects, they prefer a more cautious approach. Their motto: “We would rather be in the land register than in the press.”

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