The agreement includes the acquisition of 25 hotels located in 11 German cities with a total capacity of 1,816 rooms. It also includes a management platform based in Kiel, thereby creating a hub in Germany for Louvre Hotels Group.
A few months after rebranding 9 Motel One hotels into Premiere Classe, Louvre Hotels Group announces the acquisition of the Nordic hotel portfolio. Of the 25 hotels, 23 are operational and 2 are under construction and will open in 2016.
Eight hotels are classified as 4-star, fifteen as 3-star, and two as 2-star.
Following this transaction, Louvre Hotels Group doubles its network of units in Germany.
10 of the 25 hotels will be renamed Golden Tulip, 10 will bear the Tulip Inn name, and 5 will be named Premiere Classe.
These are added to the 18 hotels already operated by Louvre Hotels Group in Germany: 9 under the Golden Tulip and Tulip Inn brands and 9 under the Premiere Classe brand. Additionally, two Premiere Classe hotels are under construction and will open in 2016.
Source: Louvre Hotels
Frequently Asked Questions
How many hotels did Louvre Hotels Group acquire in Germany?
Louvre Hotels Group acquired 25 hotels from Nordic Hotels AG, located across 11 German cities, totaling 1,816 rooms.
What brands will the newly acquired hotels operate under?
The hotels will be rebranded as Golden Tulip (10 units), Tulip Inn (10 units), and Premiere Classe (5 units).
How does this acquisition impact Louvre Hotels Group’s presence in Germany?
This transaction doubles the group’s network in Germany and establishes a new management hub in Kiel.