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Louvre Hotels Group Expands to Russia and Algeria
with the Tulip Inn and Golden Tulip Brands


Paris, 23 February 2012 – Louvre Hotels Group, a major player in the hotel sector, announces the opening of hotels in two new countries, Russia and Algeria.
 
Louvre Hotels Group establishes itself in Russia 
Louvre Hotels Group has opened its first hotel in Russia. Opened to the public in January 2012, this Tulip Inn hotel is located in the Rosa Khutor Alpine Ski Resort in the Caucasus. The resort will host downhill skiing events at the Sochi Winter Olympic Games in February 2014.
 
A second hotel, under the Golden Tulip brand, is due to open at the beginning of the third quarter in the same resort. Both hotels will be managed by IFK Hotel Management.
 
The arrival of Louvre Hotels Group in Russia, bringing the total number of countries in which the Group is present to 41, reflects the Group’s desire to continue its development in Eastern Europe. The Group aims to establish solid foundations for its medium and high range Tulip Inn and Golden Tulip brands in Russia, and already has two other construction projects underway in St.Petersburg and Altay region.



Louvre Hotels Group extends its presence in Algeria
Louvre Hotels Group announces the opening of its first hotel in Algeria, which will become the 42nd country where the Group is present. The Golden Tulip Arc-en-Ciel hotel located at Skikda will open in 2013. Strengthened by its success in Tunisia (4 hotels, 874 bedrooms) and Morocco (7 hotels, 1410 bedrooms) Louvre Hotels Group intends to profit from the opportunities offered by the Algerian hotel market and aims to open at least five other Golden Tulip hotels there.
 
The Group is now strongly represented in the North Africa and Middle East region, where it is ranked 4th largest hotels group with 53 hotels in eight countries, representing a total of 8,300 rooms. North Africa and the Middle East are among the geographical areas that contribute the most to the Group’s development. 
 
Matthieu Evrard, Chief Development Officer at Louvre Hotels Group, commented that “We are delighted with both this first opening in Russia, in the country’s main tourist area, and with the development projects for Algeria. Louvre Hotels Group is more determined than ever to pursue its international expansion by strengthening its position in historic territories while also entering new markets with strong potential. Our openings in two new countries illustrate the long-term success of our Golden Tulip brand among an international clientele as we celebrate the 50th anniversary of the brand this year.

About Louvre Hotels Group
Following their respective purchase by Starwood Capital in 2005 and 2009, the alliance between Louvre Hôtels and Golden Tulip became Louvre Hotels Group in April 2011, making it a leader in the global hospitality market with more than1,000 hotels in 40 countries ranging from 1 to 5 stars.

The Group, established in 1976, now counts 6 brands: Première Classe, Campanile, Kyriad, Tulip Inn, Golden Tulip and Royal Tulip Luxury Hotels.


Contact:

Louvre Hotels Group Press Contacts
Camille Sassi
01 42 91 47 40
csassi@louvre-hotels.com

Olivia Meyer
01 42 91 49 7
omeyer@louvre­‐hotels.com


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Building on the Fact that France is the Number One Destination for Chinese Tourists Visiting the European Union, Louvre Hotels Group Enters Partnership with Jin Jiang Inn Co.; Covering 15 Campanile Hotels and 15 Jin Jiang Inn Hotels the Alliance Includes Sharing of Websites, Reservation Channels and Management Experience / November 2011

Golden Tulip Opens its Second Property in Prague, Czech Republic with the Management Contract for the 61-key Hotel Savoy / November 2011

Louvre Hotels Group Continues International Growth; Eastern Europe a Key Component / October 2011

Louvre Hotels Group to Expand in Central and Eastern Europe Aiming to Open 28 Hotels Before 2012 and Work Toward 100 Hotels per Year within Five Years / October 2011

Louvre Hotels Group Strengthens its Presence in France and Internationally with the Opening of 42 New Hotels in 2011 / September 2011

The Golden Tulip Warsaw in Poland Undergoing Renovation of Public Spaces to be Completed in September 2011 / August 2011

Louvre Hotels Group Continues Development of Golden Tulip and Tulip Inn With the Brand Transition of Three Fully-Owned Hotels / June 2011

Louvre Hotels and Golden Tulip Launch New Entity, Louvre Hotels Group, with a Portfolio of 7 Distinctive Brands with over 1,000 Hotels in 40 Countries / April 2011

Brazil Hospitality Group Acquires Brascan Imobiliaria Hotelaria e Turismo S.A., Sole Owner of the Hotel Intercontinental in Rio de Janeiro: Ends Year with 38 Hotels in Portfolio with Plans to Add 1,500 Rooms During 2011 / December 2010

Starwood Capital Acquiring Golden Tulip Hospitality; the Golden Tulip Brands to be Integrated with Starwood Capital's Budget Hotel Division - Louvre Hotels / June 2009

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