A successfull year 2017

Now drawing to a close, the year 2017 stands very much under the sign of the SMARTments. We were able to open as many as three new SMARTments business properties in Berlin and Vienna. The excellent booking figures speak for the innovative product. Not only our guests are impressed, but also the jury of SO! APART Awards, which honoured GBI AG with the Special Award of the industry meeting for its SMARTments business brand.

We said goodbye to some of our hotels recently - at least on paper. The Hamburg Moxy - just under construction - has found a new owner and so has the Premier Inn. We are pleased with the keen interest in our sustainable, innovative products and the great confidence shown in our development strategy. In addition to the numerous hotel projects, we will also continue to pay particular attention to subsidised housing, a subject that was highlighted by the Moses Mendelssohn Institute in a recent study. Scientists led by Director Dr Stefan Brauckmann came to the conclusion: "In order to spur on urgently needed private investments, the funding instruments of the federal states and municipalities must be further streamlined.”

We wish you and your families a Merry Christmas, relaxing days with your loved ones and a peaceful, healthy year 2018! Here you can read the year-end newsletter of the GBI.

Reiner Nittka (Spokesman), Markus Beugel, Engelbert Maus, Dagmar Specht, Clemens Jung

Board of GBI AG