Louvre Hotels Group takes over ten 7 Days Premium’ hotels in Europe
Previously owned by Chinese hotel group Plateno
Despite the current sanitary crisis, Louvre Hotels Group - Europe's second-largest hotel group and a subsidiary of Jin Jiang International - continues to develop its network in Europe by taking over ten '7 Days Premium' hotels.
Previously owned by Chinese hotel group Plateno, this transaction is in line with the Group's ongoing expansion in strategic cities and regions across Europe.
Europe as a playing field
With 1,180 hotels across France and Europe, Louvre Hotels Group is a major European player in segments ranging from one to five stars that include the brands Hôtels & Préférence, Royal Tulip, Golden Tulip, Campanile, Kyriad, Tulip Inn, and Première Classe. The Group branched out to the European market in 2009 by taking over the Dutch hotel chain Golden Tulip and its 230 or so hotels across 40 countries, acquiring affiliate chain Hôtels & Préférence in 2017, and opening several regional offices in strategic European markets such as Poland and the Benelux countries.
Despite the current health crisis, the Group is expanding its European network with the acquisition of ten '7 Days Premium' hotels in two- and three-star segments. Ranging in size from 95 to 200 rooms, these hotels are located in Austria (Vienna, Salzburg, Ansfelden), Germany (Munich, Leipzig, Berlin), and Italy (Venice).
Campanile et Kyriad Continue to Expand in Europe
Soon to be refurbished by the Louvre Hotels Group teams, these ideally located hotels will reopen under the brand names Campanile and Kyriad.
The Group's iconic brand Campanile now represents more than 400 hotels in some fifteen countries. This acquisition adds 7 new hotels to the Group's portfolio. With 150 to 200 rooms, the future Campanile hotels are located in strategic European cities such as Leipzig, Munich, Berlin, Venice, and Vienna. As for Kyriad, the brand will inaugurate a 95-room hotel in Vienna.
"This development enables us to uphold and expand our brands across Europe, despite a difficult global context, while establishing our leadership in the European hotel industry.It is a great opportunity for our strategic brands, such as Campanile which we are positioning in the major European cities and transport hubs" Pierre-Frédéric Roulot, CEO Louvre Hotels Group
"With this acquisition, we are taking over hotels in strategic locations such as Leipzig, Munich, and Vienna, thus further expanding our European network to best meet the expectations of both our business and leisure customers." Andreas Tscherning, COO Louvre Hotels Group
About Louvre Hotels Group
Louvre Hotels Group is a major player in the global hospitality industry, with a portfolio that now includes over 1,700 hotels in 70 countries. It has a full hotel offering, spanning 1 star to 5 stars, with the brands: Première Classe, Hosho, Kyriad Direct, Kyriad, Campanile, Kyriad Prestige, Tulip, Golden Tulip et Royal Tulip the 5 brands of the Sarovar network in India and the French Group Hôtels & Préférence. Louvre Hotels Group is a subsidiary of Jin Jiang International Holdings Co., Ltd., the 2nd hospitality group in the world.
