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AVONIA and MERKUR complete “the niu Timber” hotel in Esslingen

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 […]

Building permit for “niu” Hotel in Esslingen

AVONIA Real Estate GmbH of Leinfelden-Echterdingen and MERKUR Development Holding GmbH of Rüsselsheim have together been granted a permit to build a hotel under the NOVUM Hospitality brand “niu” in the City of Esslingen. Construction kicks-off in February 2018. Situated on a roughly 4,000 sqm lot (Weber site), in the Otto-Bayer-Str. 8-10, this JV will […]

AVONIA and MERKUR are developing a “niu” brand hotel in Esslingen a. N. for roughly 28 million euros

AVONIA Real Estate GmbH of Leinfelden-Echterdingen has joined up with MERKUR Development Holding GmbH of Rüsselsheim to acquire the Weber site in the Otto-Bayer-Str. 8-10 in Esslingen am Neckar. This Esslingen JV, the Otto-Bayer-Str. Grundstücks-GmbH, is in the process of building a new hotel with about 7,000 sqm of above-grade gross floor space, to be […]