Louvre Hotels Group announced Monday that it has acquired 25 hotels (1,816 rooms) in 11 German cities from the Nordic Hotels AG portfolio. The move doubles Louvre’s presence in Germany.
The deal also includes a management platform based in Kiel, thus creating a hub for Louvre in the German market. It also comes a few months after the rebranding of nine Motel One hotels in Germany into Louvre’s Première Classe brand.
Out of the 25 hotels, 23 are under operation and two are currently under construction and planned to open in 2016. Mostly unbranded, eight hotels are classified as 4-stars, 15 as 3-stars and two as 2-stars.
Early this year, Louvre was acquired by China’s Jin Jiang group, which recently outlined its growth plans, including potential opportunities for Louvre.