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August 04, 2015 4:10 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


La Défense,  92081


Founded in 1976


33 1 42 91 46 00


33 1 42 91 46 01

Key Executives for Louvre Hotels SAS

Chief Executive Officer and President
Chief Financial Officer
Age: 47
Chief Operating Officer of Franchise & Management for Europe
Chief Technology Officer
Age: 48
Deputy Chief Executive Officer of Investor Relations
Compensation as of Fiscal Year 2015.

Louvre Hotels SAS Key Developments

Accor And Others Reportedly Eye Louvre Hotels

Accor S.A. (ENXTPA:AC) is known to be among the potential suitors for the acquisition of Louvre Hotels SAS from Starwood Capital Group, a source close to the matter said. "Accor is looking at the dossier but the process is at an early stage," the source said. French daily Les Echos reported that Starwood looking at divesting Louvre Hotels and Accor was among the buyers that had submitted non-binding offers. The report added that the sale could fetch €1.2 billion - €1.5 billion ($1.5 billion -1.9 billion). Les Echos added that among other potential buyers are PAI Partners, CVC Limited (ASX:CVC), The Blackstone Group, Private Equity Group, and Fonciere Des Murs (ENXTPA:FMU). Accor’s shares were off 0.99% at €31.48.

Starwood Reportedly Plans To Sell Louvre

Starwood Capital Group is looking to sell Louvre Hotels SAS for €1.2 billion - €1.5 billion, French media reports.

Louvre Hotels Group's New Development of its Luxury Collection Royal Tulip in Suzhou China

Louvre Hotels Group announced the official partnership with Suzhou Wuzhong City Construction Investment & Development Co Ltd. for the 5 star luxury brand Royal Tulip of its Golden Tulip Hotels, Suites & Resorts in an authentic French ambience Lart de Vivre, parc Français. The announcement is made both during the Planète PME 2012 on June 18, 2013 in Paris as well as the 2013 Suzhou Wuzhong Taihu Lake Econimic and Trade Cooperation Fair on October 18, 2013 in Paradise on Earth city - Suzhou China.

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