LOUVRE ACQUIRES 25 GERMAN HOTELS FROM NORDIC

Louvre Hotels Group has acquired a portfolio of 25 hotels (1,816 rooms: 23 existing properties with two under construction due to open in 2016) across 11 German cities from independent German group Nordic Hotels AG for an undisclosed sum. Louvre plans to rebrand the Nordic portfolio to ten Golden Tulip hotels, ten Tulip Inns and five Première Classe properties, and the deal doubles the group’s presence in the German market.

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