Aparthotel operator Staycity Group is set to expand in the DACH region, with plans to operate hotels in Germany and Austria after acquiring a majority stake in the hospitality arm of Munich-based real estate developer Denkmalneu Group.
The rapidly growing company has acquired a 74.9 per cent stake in the Felix Group, which operates event venues and aparthotels in Leipzig, Dresden and Vienna.
The deal, the sum of which was not disclosed, will see existing properties in Leipzig and Dresden rebranded as Staycity Aparthotels, while the 130-room property in Vienna, currently under construction, will open under the group’s Wilde brand in the second quarter of 2025.
Staycity CEO Tom Walsh, said: “We are thrilled at the prospect of…
