Berlin's HR Group acquires H-Hotels

BERLIN — Berlin-based HR Group has acquired H-Hotels, one of Germany’s largest privately managed hotel companies, for an undisclosed amount. The transaction includes more than 60 hotels across Germany, Austria, Switzerland, France, and Hungary.

Bad Arolsen, Germany-based H-Hotels GmbH will continue to operate under its established name with HR Group further developing the H-Hotels brand. H-Hotels operates several brands, including Hyperion Hotels, H4 Hotels, H2 Hotels, H+ Hotels, H.ostels and H.omes.

HR Group said it will leverage its expertise in procurement and sales to unlock additional synergies for H-Hotels. Over the coming months, the HR Group said it will work closely with H-Hotels’ teams to define a long-term vision for digitalization, food and beverage concepts, and an optimal organizational structure.

HR Group said the acquisition marks a milestone in the company’s growth trajectory and significantly increases its current portfolio by around one-third. HR Group said the deal strengthens its position as Europe’s leading multi-brand hotel management company.

“We are convinced that H-Hotels, with its strong brands, high-quality properties and outstanding corporate culture, is a perfect fit for our portfolio,” said Ruslan Husry, chairman and CEO of HR Group. “We look forward to working together with our new colleagues to further develop H-Hotels and to combine the strengths of both companies.”