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February 11, 2016 11:18 AM ET

Hotels, Restaurants and Leisure

Company Overview of Louvre Hotels SAS

Company Overview

Louvre Hotels SAS owns, operates, and franchises a chain of hotels in Europe, the Middle East, North/South America, Africa, and the Asia Pacific. Its portfolio ranges from one to five star hotels. Louvre Hotels SAS has a strategic alliance with Golden Tulip Hospitality Group. The company was founded in 1976 and is based in La Défense, France. Louvre Hotels SAS operates as a subsidiary of Groupe Du Louvre, SAS.

Village 5

50, Place de l'Ellipse

CS 70050

Cedex

La Défense,  92081

France

Founded in 1976

Phone:

33 1 42 91 46 00

Fax:

33 1 42 91 46 01

Key Executives for Louvre Hotels SAS

Chief Executive Officer and President
Chief Financial Officer
Age: 47
Group President
Chief Operating Officer of Franchise & Management for Europe
Chief Operating Officer of Owned Hotels for Europe
Compensation as of Fiscal Year 2015.

Louvre Hotels SAS Key Developments

Louvre Hotel Group Appoints Rami A. Moukarzel to Head Up the Company's Development and Acquisitions Function

Rami A Moukarzel has joined Louvre Hotel Group to head up the company's development and acquisitions function. In his new role as vice president development & acquisitions Middle East & North Africa, he will support the group's president Amine E. Moukarzel in driving growth of the company in the region. Rami Moukarzel began his career in 2002 in the pre-opening taskforce at Movenpick Hotel Beirut, before joining Hyatt Hotels the following year in an F&B operations role.

Shanghai Jin Jiang International Hotels Plans To Acquire Louvre Hotels From Starwood Capital For Up To €1.21 Billion

Shanghai Jin Jiang International Hotels (Group) Company Limited (SEHK:2006) plans to acquire Louvre Hotels Group from Starwood Capital Group in a deal valued between €1.25 billion and €1.5 billion. Shanghai Jin Jiang International Hotels, which said the actual consideration of the deal will be in a range of €960 million to €1.21 billion, plans to fund the purchase via internal resources and bank loans. The company has been actively looking at opportunities to invest in Louvre Hotels Group and other potential targets over the past three years.

Louvre Hotels Mulls Acquisitions

Louvre Hotels Group intends to pursue acquisitions. Louvre Hotels will invest over $100 million in the Indian hospitality space over the next three years. "The new owners have asked us to put together a plan to acquire assets in India and grow the brand inorganically rather than organic," Vimal J Singh, Managing Director for South Asia at Louvre Hotels, said. The new management has aggressive investment plans, he said. He said the brand is also open to portfolio acquisitions in the country. "That would be the best way to grow the brand rather than growing by single asset acquisition," he said.

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