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Louvre Hotels Group doubles its presence in Germany
Louvre Hotels Group acquires Nordic Hotels AG portfolio and doubles its presence in Germany
The agreement comprises the acquisition of 25 hotels in 11 German cities for a total capacity of 1,816 rooms. It also includes a management platform based in Kiel, thus creating a hub for Louvre Hotels Group in Germany.
A few months after the rebranding of 9 Motel One hotels into Première Classe, Louvre Hotels Group – the second largest European hospitality group – today announces the acquisition of the Nordic hotels portfolio.
Out of the 25 hotels, 23 are under operation and 2 are currently under construction and planned to open in 2016. Mostly unbranded, eight hotels are classified as 4 stars, fifteen as 3 stars and two as 2 stars.
The deal allows Louvre Hotels Group to double the size of its network in Germany.