12.2016: The German ACHAT Hotel- und Immobilienbetriebsgesellschaft has been taken over by equity Investor HANNOVER Finanz. ACHAT is a leading operator of „Value- and Budgethotels”, running 30 hotels in Germany (28), Austria (1) and Hungary (1). Many of the hotels are located in medium-sized and smaler cities, or are close to metropolitan areas.
In 2015, ACHAT generated ca. EUR 52m revenues and employed appr. 600 people.