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Groupe du Louvre
Groupe du Louvre
Groupe du Louvre
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Groupe du Louvre or Louvre Hotel Group[1] is a French company operating several hotel brands with over 1700 locations headquartered in La Défense in Nanterre, France.[3][4][2]

Key Information

History

[edit]

The luxury hotels division (previously known as Société du Louvre) can trace its origins to a company founded on 26 March 1855 to operate Les Galeries du Louvre, later Grands Magasins du Louvre, a department store and the Grand Hôtel du Louvre. These shared a large building on the Place du Palais Royal in Paris, France.[5]

The company was owned by the American investment company Starwood Capital Group following its earlier purchase of Société du Louvre in December 2005.[6] Since 2009, the Golden Tulip hotels were integrated into the group following their purchase of Golden Tulip Hospitality Group from administration by Starwood Capital.[7] The group previously owned the Paris Hôtel de Crillon but sold it at the end of 2010.[8] The company sold the perfume firm Annick Goutal to the South Korean giant Amore Pacific in 2011.[9]

The range of hotel brands was extended in 2009 with the purchase of Golden Tulip Hospitality Group. Groupe du Louvre and Louvre Hotels Group was sold to Jinjiang International in 2015.[10]

Brands

[edit]
Golden Tulip in Warsaw
Tulip Inn in Eindhoven

As of 2024, Groupe du Louvre owns and operates over 1700 hotels under the following brands:[11]

Budget
  • Première Classe - budget hotels
  • Hosho - budget hotels
  • Kyriad Direct - budget hotels
Midscale
  • Kyriad - midscale hotels
  • Campanile - midscale hotels
  • Tulip Inn - midscale hotels
  • Tulip Hotels & Residences - midscale and long-stay hotels
Upscale
  • Golden Tulip - upscale hotels
  • Royal Tulip - luxury hotels
  • Hôtels & Préférence - upscale un-branded properties
  • Sarovar - upscale hotels with several sub-brands in India
  • TemptingPlaces - upscale boutique hotels

See also

[edit]

References

[edit]
[edit]
Revisions and contributorsEdit on WikipediaRead on Wikipedia

Groupe du Louvre

View on Grokipedia
from Grokipedia
Groupe du Louvre was a French multinational conglomerate focused on hospitality, luxury goods, and related services, encompassing the Louvre Hotels Group, Baccarat crystal manufacturer, and Annick Goutal perfumery. Originally rooted in the Société du Louvre, which traced its origins to a retail company established in 1855, the group evolved under the control of the Taittinger family from the mid-20th century into a diversified enterprise emphasizing hotels and high-end brands. Acquired by Starwood Capital Group in 2005, its hotel operations were sold to Jin Jiang International Holdings in 2015 for €1.3 billion and rebranded as Louvre Hotels Group; the luxury subsidiaries had been divested separately, with Annick Goutal sold in 2011 and Baccarat in 2017. The company's hospitality arm, which formed the core of its business, began with the 1976 founding of budget and midscale hotel chains by the Taittinger family, including brands like Campanile and Première Classe. A pivotal expansion occurred in 2009 with the merger of its French operations and Golden Tulip Hospitality Group, creating a portfolio of over 1,100 hotels across economy to upscale segments in more than 40 countries at the time. By 2015, under Jin Jiang ownership—the world's second-largest hospitality group—the network had grown significantly, and today operates as Louvre Hotels Group with 1,756 properties, exceeding 155,000 rooms, in 70 countries under 11 brands ranging from 1- to 5-star classifications. Beyond hotels, Groupe du Louvre's luxury division included the iconic crystal house, acquired in 1988 with a controlling stake reaching 51.7% by the late , and the niche fragrance brand Annick Goutal, purchased around the same period to bolster its portfolio in fine perfumes. Headquartered in near in the region, the group exemplified France's tradition of blending hospitality with artisanal luxury, achieving growth through strategic acquisitions and international expansion before its hotel operations' integration into Jin Jiang.

History

Origins as Société du Louvre

The Société du Louvre traces its origins to 26 March 1855, when it was established as Faré, Chauchard, Hériot et Cie, a formed by entrepreneurs Alfred Chauchard, Auguste Hériot, and Léonce Faré to operate Les Galeries du Louvre, a pioneering located adjacent to the Museum in . This venture capitalized on the era's under Haussmann, offering an innovative retail space for fashion, , and novelties, which quickly became one of 's premier destinations modeled after emerging department store concepts. By the late 19th century, the company had expanded its footprint, acquiring the adjacent Grand Hôtel du Louvre in the 1870s, which marked its initial foray into hospitality alongside its core retail operations. In 1898, reflecting this growing emphasis on the landmark hotel and its Paris-centric base, the entity was restructured and renamed Société du Louvre as a société anonyme, solidifying its identity in luxury retail and early hotel management. Entering the early , under governance by the founding families and their successors, Société du Louvre diversified further into retail through its flagship , which featured expansive sections for high-end , accessories, and perfumes, while initiating additional developments. This period saw the company evolve from a single operator into a multifaceted enterprise blending retail innovation with hospitality, setting the foundation for deeper involvement in luxury sectors like perfumes and houses by the mid-20th century, prior to its specialization in hotels. In the 1950s, control of Société du Louvre transitioned to the Taittinger family, integrating it into their broader luxury portfolio.

Development under Taittinger family

In the mid-1950s, the Taittinger family, renowned for their Champagne Taittinger house, diversified into the hospitality sector by acquiring control of Société du Louvre, a company with roots in luxury retail dating back to 1855. Pierre Taittinger purchased a significant stake in 1954 and assumed the role of chairman the following year, integrating the entity into the family's broader business empire as part of a strategic expansion beyond sparkling wine production. This move positioned Société du Louvre as a vehicle for investments, leveraging the family's expertise in premium branding to enter the competitive European lodging market. The modern division of Société du Louvre, later rebranded as Groupe du Louvre, was formally established in 1976 under the leadership of the Taittinger family, initially focusing on French operations to build a foundation in midscale and budget accommodations. This initiative began with the 1974 acquisition of a modest budget , which was restructured and renamed Campanile the following year, introducing a standardized model of two-star hotel-restaurants designed for business travelers and families. Campanile quickly became the cornerstone of the division, emphasizing affordable comfort with integrated dining options and expanding rapidly across through owned and franchised properties. During the 1980s and , Groupe du Louvre experienced significant under Taittinger stewardship, evolving into one of Europe's leading operators by targeting midscale and budget segments amid rising demand for accessible travel. The company launched complementary brands such as Première Classe in 1989 for no-frills, one-star lodging and Tulip Inn for three-star comfort, while extending Campanile internationally into neighboring countries like , , and the . By the late , the portfolio encompassed over 625 properties with approximately 38,000 rooms, achieved through aggressive and the creation of the Envergure subsidiary to manage midmarket developments. Key strategies included with the family's subsidiaries, such as the 1985 acquisition of Annick Goutal perfumes and majority control of crystal by the late , which supplied high-end amenities to upscale properties like the and enhanced brand prestige across the network. This approach not only diversified revenue streams but also fostered synergies, with Taittinger champagne prominently featured in dining and events to reinforce the group's premium identity.

Major acquisitions and ownership shifts

In December 2005, acquired Société du Louvre for $3.2 billion, gaining control of its hotel portfolio and marking a significant shift from family ownership under the Taittinger group. This transaction included luxury properties and laid the foundation for restructuring the hospitality division, which was later rebranded as Louvre Hotels Group to emphasize its midscale focus. The company's expansion accelerated in June 2009 with the acquisition of Golden Tulip Hospitality Group from its Dutch owners, adding approximately 225 hotels across 40 countries and enhancing its upscale and midscale brands like Royal Tulip and Tulip Inn. This move strengthened Louvre Hotels Group's international presence, particularly in and emerging markets, positioning it as the 11th largest hotel operator globally at the time with nearly 76,000 rooms. To streamline operations and concentrate on core hotel segments, Starwood divested non-essential luxury assets, including the sale of the iconic in to a Saudi royal family member for around €250 million in December 2010, and the perfume brand Annick Goutal to Amorepacific in August 2011. A pivotal ownership change occurred in March 2015 when Starwood Capital sold Groupe du Louvre and Louvre Hotels Group to Shanghai-based Jin Jiang International Holdings for €1.3 billion, integrating it as a key subsidiary of the world's second-largest hotel group by room count. This deal expanded Jin Jiang's global footprint by over 1,100 properties in 47 countries, accelerating Louvre's growth in Asia and Europe. In October 2017, Louvre Hotels Group acquired Hôtels & Préférence, a collection of 140 upscale and luxury hotels primarily in France and internationally, bolstering its high-end portfolio and adding boutique-style offerings to complement its economy and midscale brands. Under Jin Jiang's ownership, Louvre Hotels Group has pursued aggressive portfolio expansion, reaching 1,756 hotels across 70 countries as of 2025 through strategic openings and partnerships, particularly in with 265 new properties planned between 2024 and 2028. This growth includes innovations like the launch of Campanile PRIME & labels and Hotels & Residences in 2024, alongside a €500 million investment plan for renovations and midscale segment leadership.

Operations

Hotel brands and portfolio

Groupe du Louvre, operating as Louvre Hotels Group, maintains a diverse portfolio of over 1,756 hotels worldwide, emphasizing value-driven across budget, midscale, and upscale segments. This portfolio has evolved through strategic integrations, including the 2009 acquisition of Golden Tulip Hospitality Group, which added premium brands to complement its core economy offerings, and the 2015 acquisition by , enabling co-branding and expanded global reach. The brands target varied traveler needs, from budget-conscious guests seeking essential amenities to upscale patrons desiring refined experiences, with a focus on adaptability, , and local integration. In the budget segment, Première Classe provides economy accommodations with 1-star ratings, featuring quality bedding, 24/7 reception, and affordable pricing primarily for short stays in and select international markets, operating around 230 properties. Hosho caters to urban explorers as a hybrid hostel-hotel model, offering shared and private rooms with modern, flexible designs exclusive to . Kyriad Direct, launched in 2018 as a 2-star extension, targets value seekers with basic amenities and low entry barriers for franchisees, focusing on urban and roadside locations across more than 80 hotels mainly in . The midscale segment includes Kyriad, a 3-star brand with over 500 hotels in , , and , appealing to comfort-oriented travelers through unique, locally inspired designs and sub-labels like Kyriad Eco for sustainable options and Kyriad Prestige for enhanced services. Campanile, with approximately 410 properties in and , serves families and business guests with cozy rooms, French-inspired cuisine, and eco-friendly initiatives via labels such as Campanile PRIME for modern upgrades and NATURE for green practices. Tulip Inn offers urban mid-range stays in over 50 hotels across and the Middle East, targeting business and leisure visitors with straightforward quality and central locations. Complementing this, Tulip Hotels & Residences introduces flexible extended-stay options blending hotel comforts with residential and office elements for longer-term guests. Upscale offerings encompass Golden Tulip, a 4-star with 160 hotels in 30 countries, attracting premium business and leisure travelers with elegant interiors, gourmet dining, and event facilities. Royal Tulip provides 5-star luxury in over 20 properties across the and , emphasizing services and opulent settings for high-end events and stays. Through partnerships, Hôtels & Préférence allies with around 150 and luxury hotels in 19 countries, categorized into six tiers from upscale to palace-level, targeting discerning guests seeking personalized, high-end experiences with over 10,500 rooms. Sarovar, via collaboration in , manages more than 100 properties across five sub-brands, blending traditional warmth with contemporary amenities for regional upscale travelers. TemptingPlaces features 35 hotels in 15 countries, focusing on experiential, tailored stays in unique destinations, while its Collection extends to franchised 5-star properties infused with French lifestyle elements.

Geographic reach and market segments

Groupe du Louvre, operating as Louvre Hotels Group, maintains its strongest presence in , where it ranks as the second-largest operator with over 1,000 properties concentrated primarily in , the , and . In , its core market, the group oversees over 1,000 hotels as of 2025, representing the majority of its European footprint. Expansion in the and has been more modest, with 18 properties in the UK prior to recent portfolio adjustments and 29 in Germany. Since its acquisition by in 2015, the group has accelerated growth in , particularly in and , leveraging the parent company's network to add hundreds of properties focused on midscale and budget segments. In , the portfolio supports rapid development with plans for 265 new hotels between 2024 and 2028, emphasizing urban and leisure . represents another key Asian market through a with Sarovar Hotels, aiming to reach nearly 200 properties by 2028 via localized offerings tailored to and needs. In 2023, Louvre Hotels Group announced a five-year strategic plan to open 515 new hotels globally by 2028, supported by a €500 million investment to renovate 80% of its owned and leased properties, focusing on economy and midscale segments while enhancing sustainability and digital capabilities. The group's presence in emerging regions remains limited, with fewer than 200 properties combined across the Middle East, Africa, and the Americas as of 2025. In the Middle East, expansion targets include plans to debut the Kyriad brand in Saudi Arabia with approximately 20 properties and 2,000 keys, as part of ongoing MENA growth aiming for 4,000 additional keys by 2027. Operations in Africa and the Americas are nascent, focusing on strategic entries in urban centers for business travelers. Louvre Hotels Group serves diverse market segments, including midscale urban hotels for travelers, roadside options for families, and luxury partnerships for upscale events. Its expansion strategy relies heavily on and management agreements to scale efficiently without heavy capital investment. This approach has driven portfolio growth from 805 hotels in 2005 to over 1,700 by 2025, spanning 70 countries. To address regional challenges, the group adapts through localization efforts, such as the launched in 2021 for Asian urban explorers blending shared and private accommodations. In , sustainability initiatives like the Campanile label, introduced in 2024, integrate eco-friendly practices to meet regulatory and consumer demands.

Corporate affairs

Ownership and governance

Groupe du Louvre operates as a wholly owned of Holdings Co., Ltd., a Chinese and one of the world's largest groups, following its acquisition in March 2015 for €1.3 billion. This transaction marked a significant shift in ownership from the previous U.S.-based , which had controlled the company from 2005 to 2015 and focused on expanding its midscale portfolio through acquisitions. The 2015 deal integrated Groupe du Louvre into Jin Jiang's global network, enhancing its access to Asian markets while retaining its European operational base. The governance structure of Groupe du Louvre combines parent company oversight from Jin Jiang with localized management in , where it is headquartered in the business district of . The board of directors incorporates representatives aligned with Jin Jiang's strategic directives, ensuring alignment with the parent's long-term goals in international expansion and operational efficiency, while complying with French standards under the Commercial Code and broader EU regulations on , including data protection under GDPR and competition laws. This hybrid framework supports autonomous decision-making on regional matters, such as property development in , while facilitating cross-border synergies. Financially, the post-2015 era has emphasized models to achieve low-capital growth, resulting in steady expansion amid global market recovery. As a key within Jin Jiang's ecosystem of over 14,000 hotels worldwide as of 2024, Groupe du Louvre leverages shared resources, including advanced reservation technologies and the Jin Jiang Club , which connects guests across brands for enhanced retention and .

Leadership and key executives

Federico J. González served as CEO of Louvre Hotels Group from May 2023 to July 2025, bringing extensive international experience from his prior role as CEO of since 2017. With a background in and global executive leadership, González focused on strategic expansion and synergies with parent company Holdings, overseeing the group's growth amid post-pandemic recovery. In July 2025, Eduardo Bosch succeeded him as CEO, expanding from his role as to lead the group's midscale transformation. Bosch emphasizes reinventing the portfolio for global leadership, drawing on his operational expertise to drive efficiency and innovation. Key executives under the current leadership include Arnoud Vink, Chief Development Officer, who spearheads expansion with a focus on and emerging markets to leverage Jin Jiang's regional strengths. Carole Gorce serves as , managing financial synergies with Jin Jiang to support portfolio investments. Nicolas Paepegaey, as Chief Data & Transformation Officer, advances digital initiatives, including the rollout of smart hotel technologies launched in 2021. Jean-Louis Amice, Group , oversees organizational alignment with goals, such as the Campanile label introduced in 2024. Leadership changes since Jin Jiang's 2015 acquisition have integrated Chinese oversight while retaining European expertise, with Pierre-Frédéric Roulot leading as CEO from 2007 until 2023 to ensure smooth post-acquisition transitions. The 2023 appointment of González marked deeper collaboration with , fostering co-branded initiatives, followed by Bosch's 2025 promotion to emphasize operational agility. Under this team, priorities include digital transformation via tools like Duetto for and efforts targeting 100% hotel verification by 2025. González's tenure significantly contributed to portfolio expansion, growing from around 1,700 hotels in 2023 to 1,756 properties across 70 countries as of 2025, including the addition of the Sarovar brand and extended-stay concepts. This scaling, supported by Jin Jiang's resources, involved launching co-branded projects and renovating 80% of assets under a five-year strategic plan. In November 2025, the group announced a €500 million investment for renovating over 200 properties and global expansion. The current leadership under Bosch continues this momentum, aiming for 1,756 hotels and 155,000 rooms while prioritizing midscale segments in , , and .

References

  1. https://hospitality-on.com/en/transactions/jin-jiang-completes-purchase-groupe-du-louvre-eu13-billion
  2. https://www.referenceforbusiness.com/history2/42/Soci-t-du-Louvre.html
  3. https://www.premiumbeautynews.com/en/amore-pacific-acquires-annick%2C3286
  4. https://www.louvrehotels.com/en-us/our-group/
  5. https://www.bloomberg.com/profile/company/0245721D:FP
  6. https://www.louvrehotels.com/en-us/contact/
  7. https://bscottholmes.com/content/grand-hotel-du-louvre-rue-de-rivoli
  8. https://www.alamy.com/grands-magasins-du-louvre-department-store-paris-image66183181.html
  9. https://famoushotels.org/hotels/grand-hotel-du-louvre
  10. https://www.encyclopedia.com/books/politics-and-business-magazines/societe-du-louvre
  11. https://www.taittinger.com/en/legacy
  12. https://www.company-histories.com/Societe-du-Louvre-Company-History.html
  13. https://www.hospitalitynet.org/news/4024137.html
  14. https://www.prnewswire.com/news-releases/starwood-capital-completes-sale-of-four-iconic-groupe-du-louvre-hotels-in-france-189352651.html
  15. https://www.hoteliermiddleeast.com/business/4657-starwood-capital-purchases-golden-tulip
  16. https://hospitalitytech.com/starwood-capital-acquire-golden-tulip
  17. https://www.reuters.com/article/world/pariss-crillon-hotel-sold-to-saudi-investor-idUSLDE6BM0FM/
  18. https://www.costar.com/article/985966149/shanghai-jin-jiang-agrees-to-buy-louvre-hotels
  19. https://www.hospitalitynet.org/news/4085099.html
  20. https://contents.louvrehotels.com/static/2025-03/LHG_Brochure_dev_%25202025_EN_web.pdf
  21. https://www.hospitalityinvestor.com/sponsored/louvre-hotels-unveils-eu500m-renovation-global-expansion-strategy-ihif-asia
  22. https://www.louvrehotels.com/en-us/
  23. https://www.louvrehotels.com/en-us/our-brands/
  24. https://www.kyriad.com/en-us/kyriad-direct/
  25. https://www.ihifemea.com/company/louvre-hotels-group
  26. https://www.thecaterer.com/indepth/louvre-to-sell-uk-portfolio-of-18-hotels
  27. https://www.scrapehero.com/location-reports/Louvre%2520Hotels%2520Group-Germany/
  28. https://hotel.report/management/louvre-hotels-group-announces-a-5-year-strategic-plan-and-a-massive-investment-to-strengthen-its-leadership-in-the-midscale-segment
  29. https://www.hospitalitynet.org/news/4120492.html
  30. https://www.hoteliermiddleeast.com/properties/louvre-hotels-group-to-launch-6-new-properties-across-mena-by-2026
  31. https://www.zawya.com/en/press-release/companies-news/louvre-hotels-group-expands-mena-portfolio-with-brand-debuts-and-hotel-openings-ksmw0q4u
  32. https://www.globest.com/2005/07/22/starwood-capital-will-acquire-europes-second-largest-hotel-firm/
  33. https://www.prnewswire.com/news-releases/starwood-capital-group-completes-the-sale-of-groupe-du-louvre-and-louvre-hotels-group-to-shanghai-jin-jiang-international-hotels-development-co-ltd-300043264.html
  34. https://www.hospitalitynet.org/news/4069285.html
  35. https://www.louvrehotels.com/en-us/work-with-us/headquarters-heart-la-defense/
  36. https://www.chinadaily.com.cn/a/202508/25/WS68abb82fa310851ffdb4fd4b.html
  37. https://www.hospitalitynet.org/appointment/79026243.html
  38. https://www.radissonhotels.com/en-us/corporate/about-us/our-team/federico-j-gonzalez
  39. https://contents.louvrehotels.com/static/2025-07/CP_Nomination_Eduardo_Bosch_EN.pdf
  40. https://hospitality-on.com/en/nomination/change-leadership-louvre-hotels-group
  41. https://www.hospitalitynet.org/appointment/79030357.html
  42. https://www.duettocloud.com/press-releases/louvre-hotels-group-completes-duetto-roll-out
  43. https://www.hospitalitynet.org/news/4104877.html
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