Exxe Group Inc. (OTCPK:AXXA) have signed a memorandum of understanding to acquire Three Hotels in Bavaria from Quantum Leap Hotels for €10.2 million on December 13, 2018. The Three hotels include a Hotel in Northern Bavaria with 59 rooms, a Hotel in Southern Bavaria with 29 rooms and a hotel that has 25 rooms and is located in the area of Würzburg in Southern Bavaria. The closing of the transaction is subject to due diligence during Q1 and Q2 of 2019. Revenues from the three properties is €3.6 million. Exxe Group Inc. (OTCPK:AXXA) cancelled the acquisition of Three Hotels in Bavaria from Quantum Leap Hotels on December 13, 2019.