Ruby Hotels: the Otto family acquires 25% of the shares
The Otto family has just officially acquired a quarter of the shares of Ruby Hotel. This operation is part of a capital increase for the German hotel group, founded in 2013 around Lean Luxury’s innovative concept (or luxury with lightness) and which currently operates seven establishments. Ten other addresses are also under construction or opening.
» Today, the ECE group is already among the three most important hotel developers in the Germany-Austria-Switzerland region.
By accessing Ruby Hotels’ operational expertise and combining it with our existing hotel development skills, we are further improving our positioning to strengthen our investment activities, » said ECE CEO Alexander Otto.