A Capital and Louvre Hotels to build 50 hotels in Germany (DE)

A CAPITAL, the leading Euro-Asia private equity fund, has partnered with Louvre Hotels Group, the second largest hotel group in Europe with the objective to build an important group of 50 hotels in Germany within the next four to five years.
A consortium led by A CAPITAL together with Louvre Hotels Group acquired 10 hotels in Germany, currently owned by the DHM group and operated under the Balladins brand. This portfolio consists of five 3 star and five 4 star hotels totaling 1,246 rooms located in gateway cities of Western Germany (Frankfurt, Köln, Dortmund, Bremen, Mannheim). These hotels will be renovated and rebranded under Tulip Inn and Golden Tulip brands with an offensive Capex repositioning plan. They will be operated by Louvre Hotels Group.
This investment represents an important milestone in Louvre Hotels Group’s development strategy. In accordance to its “asset bright” strategy, the Group is looking for opportunities in attractive markets such as Germany where the growth is positive and stable and where there is room to create a leadership position.
This investment marks another milestone for A CAPITAL’s investment strategy which is to support performing European groups and develop together a strategy to address the Chinese market potential. A CAPITAL, as a European and German leading player, is hereby making a breakthrough in the German private equity market which is traditionally more challenging for international funds.
Source: Louvre Hotels Group