Louvre Hotels Puts Portfolio of Eight Hotels Across Europe For Sale

Location: 2 hotels in: UK, Netherlands, Germany and 1 hotel in: Italy & Spain

Name: Currently Premiere Classe Coventry North, Campanile Hull – City Centre (both UK), being rebadged as Kyriad Direct; Tulip Inn Turin-Moncalieri (Italy), Campanile Elce (Spain), Campanile Zevenaar, Campanile Leeuwarden (both Netherlands), Domicil Berlin by Golden Tulip, Liegeplatz 13 Kiel by Premiere Classe (both Germany)

No. of Keys: 466 (22 smallest and 100 largest)

The Properties: The majority of the sites offer meeting spaces and on-site food & beverage facilities, providing multiple income streams and opening up further development potential.

Available as a group, subgroup or individually

Main Photo: Domicil Berlin by Golden Tulip – four star

Tenure: Freehold (4) and long leasehold (2) subject to franchise agreement; the two in Germany are offered on an operational lease

Brand/Management: Mix – The two in Germany are flag-free; the others will be under the Kyriad, Kyriad Direct and Tulip Inn brands

Guide Price: Just shy of £12m/€12m

Date Posted: July 2019

Agent: Christie & Co in Germany, UK, Netherlands, Italy & Spain

THPT Comment: Good news for Christie to get this pan-European brief. Interesting move from Louvre/Jan Jiang….going asset-light?

Contact us for further information

This is a new feature on the THPT site…. Hotel owners can be naturally reticent in publicising their hotel is for sale…for confidentiality reasons, for staff and current client reasons, so the hotels featured in this section will either be “generic” or “name specific”

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