The 4-star hotel currently managed by H-Hotels under the H+ brand was sold as part of a structured sales process. With 243 rooms, it is the second largest hotel in Saxony-Anhalt. The Maintaler hotelier Ido Michel was awarded the contract. The hotel will be operated under its own brand "Michel Hotels". The renowned hotel in Magdeburg offers an in-house congress centre as well as an extensive wellness area including a swimming pool.