Paris (Best Growth Stock) – Groups Louvre Hotels and Golden Tulip announced today the merger of their activities in the Louvre Hotels Group, which will be the eighth in the world and second in Europe.
Both companies operated together in a strategic alliance since in 2009 the U.S. investment fund Starwood Capital acquired Golden Tulip Hospitality, said the companies said in a statement.
“The agreement has evolved and now Louvre Hotels and Golden Tulip Hospitality belong to the same parent company, Starecase, a subsidiary of Starwood Capital, ” they added.
The new company currently has a backlog of seven brands distinct and complementary facilities ranging from one to five stars.
With more than 1,000 hotels in 40 countries, the group is one of the world’s leading, they said.
In addition, managed seven brands: Kyriad, Campanile, Kyriad, Kyriad Prestige, Tulip Inn, Golden Tulip and Royal Tulip.
In Spain, the group runs eight hotels operating under the brand Campanile Barcelona, Madrid, Alicante, Murcia and Malaga.
Category: Business News