AVONIA Real Estate and Merkur Development Holding have completed their hotel and have handed it over to the operator NOVUM Hospitality, trading under “the niu” brand. NOVUM Hospitality has opened the hotel, named “the niu Timber”, in October.
Reimund Sigel, Managing Director of AVONIA Real Estate, praises the successful collaboration with the city of Esslingen and district administration: “All coordination with the authorities, from submission of the planning application to acceptance of the works, took place in an efficient and collaborative dialogue”.
“the niu Timber” is the 13th hotel of the expanding “the niu” brand to be completed. “We value the partnership with AVONIA Real Estate and MERKUR Development Holding and look forward to implementing further joint projects in the future,” said David Etmenan, Chief Executive Officer & owner of NOVUM Hospitality.
Novum Hospitality is also the operator of the soon-to-open “the niu Mesh” hotel development in Stuttgart-Fasanenhof. In addition, “the niu Form” in Stuttgart-Pragsattel is under construction.
During the last 18 months, the new hotel building providing 227 double rooms and 60 parking spaces has been constructed on the ca. 4,000 sq m “Weber-Areal” site, at Otto-Bayer-Str. 8. The gross external area of around 7,500 sq m is arranged over the ground floor and 4 upper floors and a basement of the L-shaped structure. The total investment volume amounts to around EUR 28 million.
Marcus Hientzsch, Director of MERKUR Development Holding GmbH: “The development was completed on schedule and handed over on the exact day. We are delighted with the partnership with NOVUM Hospitality at this and other locations and are looking forward to more exciting projects with NOVUM Hospitality”.