MUNICH (dpa-AFX) – The Munich hotel group Motel One considers an IPO of the company to be possible. “We keep investigating that,” said the founder and shareholder of the Munich company, Dieter Müller, of the “Süddeutsche Zeitung” (Tuesday). “The option will definitely become more exciting as we get bigger.” Motel One has recently grown significantly and now has 88 locations in Germany and Europe. A location in New York was also opened, the first outside of Europe, with further hotels being planned. According to Müller, in the event of an IPO, the company’s independence would be preserved for a long time. In addition, Motel One must be able to offer its other shareholders an opportunity to exit. Financial investors are also involved in the company.
Müller founded Motel One 23 years ago. He is now the head of the supervisory board and his son is the head of the board. The pandemic had hit the company hard, but things are now looking up again. According to Müller, he was afraid for the survival of the company during the pandemic. You’ve lost a lot of money. “Thank God we were very well capitalized.” Actually, the money was intended for distribution. “But the timing of the pandemic was good – it hadn’t been distributed yet. That helped us a lot.” But even now, times are still very uncertain. “The time before Corona was a child’s birthday party,” he said. It was always going up./stw/he
