Grand City Hotels To Manage 9 Accor Hotels In Germany
OCTOBER 9, 2006. 8 Hotels (4 Novotel, 1Mercure, 1 Formula1, 1 IBIS, 1 ETAP) part of the Accorhotels Group will be managed by the Berlin based, Grand City Hotels & Resorts Group. 'Green light' for the take over of 4 Novotel (Bonn, Neuss, D"usseldorf Airport, Saarbr"ucken), Mercure Hotel Kassel, Formula1 Hotel Magdeburg, IBIS Hotel Dortmund and ETAP Hotel Bremen.
The supervisory board of Accorhotels and the board of directors of Grand City Hotels & Resorts approved the business model for the takeover and integration of the above mentioned Hotels into the management portfolio of Grand City Hotels & Resorts.
Grand City Hotels & Resorts will continue to maintain the brand names after which in the beginning of 2007 a re-branding will be considered. The company ensures a fair treatment of all hotel employees and business will proceed as usual.
Founded in February 2006 Grand City Hotels & Resorts is one of the newest Hotel Management companies in the European Market. With the Headquarter in Berlin Grand City Hotels & Resorts currently owns / operates 28 hotels with over 4000 guestrooms.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
