Louvre Hotels Group, 2nd largest hotel group in Europe, announces its acquisition of a majority stake in Sarovar Hotels, the largest independent Indian hotel chain in terms of hotels and presence.
The European hotel group continues to rollout its international expansion plans with this, its first investment of size in the Indian subcontinent.
India, with its fast-growing economy, its global tourism potential and a significant under-penetration of branded hotel rooms, represents a new opportunity and a strategic market of more than 1.2 billion inhabitants for the group.
After launching a far-reaching scheme to strengthen its positions in China and South-East Asia, Louvre Hotels Group continues to boost its presence in South Asia, keeping up with the region’s constantly growing leisure and business tourism.
The group has decided to become a majority stakeholder in Sarovar Hotels, an Indian company made up of 75 hotels on the premium, mid-range and budget sectors, through 3 leading brands:
- Sarovar Premiere
- Sarovar Portico
- Hometel
In addition to the above three brands, the group also has two well established F&B brands, The Geoffrey’s Pub and the Oriental Blossom, and manages the lodging and catering facilities of various institutions in India. Furthermore, the group manages 10 hotels under the Radisson, Park Plaza and Park Inn brands.
Sarovar Hotels was founded in 1994 by Anil Madhok, a hotel industry expert on India, Singapore and Sri Lanka markets. It is also run by Ajay K. Bakaya and Mansoor Adil who have built it into a robust and effective hotel platform combining marketing, human resources, operations, management and technical services.
Leveraging its hotel expertise and seasoned management staff, Sarovar has developed significantly over the past 5 years, growing from 4500 to nearly 6000 rooms in over 50 cities. Sarovar has a secured pipeline of over 20 hotels, most of which are due to join the network shortly.
Over the last few years, Sarovar also started to develop its brands outside its boundaries, targeting Africa, and more significantly Eastern Africa, which de facto also strengthens Louvre Hotels Group positioning as the largest hotel group in this part of the world.
This strong and experienced team will continue to provide its expertise and manage the hotels under its brands. Both hotel groups share the desire to continue developing Sarovar Hotels brands.
This powerful platform will also sustain the development of Louvre Hotels Group brand which has been present in the Indian sub-continent since 2007 and currently manages 22 hotels under its Golden Tulip Umbrella brand.
This reconciliation between Louvre Hotels Group and Sarovar Hotels offers unprecedented synergies between strong local brands and the world’s 5th largest hotel group. Respective hotel owners for both groups will benefit immediately from such synergies including local and international management expertise, world-wide distribution, loyalty programs, sales and marketing initiatives, and procurement services.
This deal clearly demonstrates the ambition of Louvre Hotels Group; boosting its development through strategic deals on high potential markets.
Tourism, Travel, Hospitality, Conservation: News,Stories And Experiences From Allover The World
Showing posts with label Radisson. Show all posts
Showing posts with label Radisson. Show all posts
Thursday, 9 March 2017
Tuesday, 7 March 2017
UGANDA: The Pearl Of Africa Hotel Kampala Joins Quorvus Collection
The Rezidor Hotel Group, one of the fastest growing hotel companies in the world and a member of Carlson Rezidor Hotel Group, is very pleased to announce the addition of a new member to its luxury Quorvus Collection: The Pearl of Africa Hotel Kampala, Uganda. The 296-room property will welcome its first guests in Q2 2017.
“We are delighted to add our second Quorvus Collection hotel in Africa and thankful to our partners AYA Investment Group for bringing the Pearl of Africa to life with Rezidor,” says Elie Younes,Executive Vice President & Chief Development Officer of The Rezidor Hotel Group.
“Uganda is an important hub in Eastern Africa. Its central location in the region, rich natural resources and improved infrastructure will create further economic opportunities. We look forward to a successful journey with our partners and to make our social contributions by creating local employment opportunities and establishing our hotel as the social anchor of Kampala,” ended Younes.
The Pearl of Africa Hotel Kampala hotel will be ideally located in the city center, on top of Nakasero Hill and will offer guests great visibility and views from surrounding areas. The property will feature a spacious 740m2 ballroom, nine meeting rooms, two boardrooms and a business center.
The extensive conference and meeting facilities reflect the hotel's strong focus on the business travel market and event tourism. Guests will have a large choice of food and drink options, including an allday dining restaurant, a sports bar and a pool bar.
Other attractions will include a private membership gym; a wellness spa; two outdoor swimming pools; one indoor swimming pool; a
children’s club; several retail shops; tennis, squash and volleyball courts; and a grill steak house.
Mohammed M. Hamid, Chairman of the AYA Investment Group, commented, “We are extremely pleased to partner with The Rezidor Hotel Group and add this pearl to Uganda’s hospitality scene.
Rezidor has already proven their capacity to successfully operate international hotel brands across Africa and has a very good understanding of the continent’s opportunities and challenges in the travel and tourism industry.
We are keen on benefitting from Rezidor’s knowledge and showcasing an outstanding luxury hotel experience in Kampala.”
Uganda is called the Pearl of Africa as a result of Winston Churchill's reference to the East African country in his 1908 book "My African Journey." Churchill's use of the descriptive metaphor was inspired by his impression of the country as an example of magnificence in its "variety of form and color" and its "profusion of brilliant life."
This was the inspiration behind the Pearl of Africa hotel that will reflect the local culture to its guests and the magnificence of the country – a true Quorvus Collection Hotel.
For further media information, please contact:
Saadiyah Hendricks, Area Communication & PR Manager for Africa & Indian Ocean
saadiyah.hendricks@carlsonrezidor.com +27 21 431 2390
Lucie Cardona, Corporate Communications & PR Leader
lucie.cardona@carlsonrezidor.com +32 2 730 7832
About The Rezidor Hotel Group
The Rezidor Hotel Group is one of the most dynamic hotel companies in the world and a member of the
Carlson Rezidor Hotel Group.
The group features a portfolio of approximately 475 hotels in operation or under
development with 104,000 rooms in more than 80 countries.
Rezidor operates the core brands Radisson Blu and Park Inn by Radisson in Europe, the Middle East and Africa (EMEA), along with the Club Carlson loyalty program for frequent hotel guests. In early 2014, and together with Carlson, Rezidor launched the Radisson RED (lifestyle select) and Quorvus Collection (luxury)brands.
Since 2016, Rezidor has owned 49% of prizeotel. Rezidor has an industry-leading Responsible Business Program and was awarded one the World's Most Ethical Companies by the US think-tank Ethisphere.
In November 2006, Rezidor was listed on the Nasdaq Stockholm, Sweden. HNA Tourism Group Co., Ltd.—a
division of HNA Group Co., Ltd., a Fortune Global 500 company with operations across aviation, tourism,
hospitality, finance, and online services among other sectors—became the majority shareholder in December
2016.
The corporate office of The Rezidor Hotel Group is based in Brussels, Belgium.
For more information, visit www.rezidor.com
Twitter @carlsonrezidor
LinkedIn www.linkedin.com/company/2364
Instagram www.instagram.com/rezidor_ourpromise
About Quorvus Collection
Quorvus Collection is a new generation of expertly curated luxury hotels inspired by the lifestyle and
sensibilities of the contemporary global traveler. Individual and inspiring, each property within the collection
offers a distinguished guest experience and an invitation to immerse oneself in the best a location can offer.
The collection currently includes G & V Royal Mile Hotel Edinburgh, Hormuz Grand Hotel, Muscat and Symphony Style Hotel Kuwait. Each hotel is unique and has different architecture, ambiance and design.
Quorvus Collection plans to grow to include an array of historic landmark properties, contemporary
residences, classic boutiques and urban retreats.
Quorvus Collection is a part of Carlson Rezidor Hotel Group which also includes Radisson Blu®, Radisson®,
Radisson RED, Park Plaza®, Park Inn® by Radisson and Country Inns & Suites By CarlsonSM.
For more information visit www.quorvuscollection.com
“We are delighted to add our second Quorvus Collection hotel in Africa and thankful to our partners AYA Investment Group for bringing the Pearl of Africa to life with Rezidor,” says Elie Younes,Executive Vice President & Chief Development Officer of The Rezidor Hotel Group.
“Uganda is an important hub in Eastern Africa. Its central location in the region, rich natural resources and improved infrastructure will create further economic opportunities. We look forward to a successful journey with our partners and to make our social contributions by creating local employment opportunities and establishing our hotel as the social anchor of Kampala,” ended Younes.
The Pearl of Africa Hotel Kampala hotel will be ideally located in the city center, on top of Nakasero Hill and will offer guests great visibility and views from surrounding areas. The property will feature a spacious 740m2 ballroom, nine meeting rooms, two boardrooms and a business center.
The extensive conference and meeting facilities reflect the hotel's strong focus on the business travel market and event tourism. Guests will have a large choice of food and drink options, including an allday dining restaurant, a sports bar and a pool bar.
Other attractions will include a private membership gym; a wellness spa; two outdoor swimming pools; one indoor swimming pool; a
children’s club; several retail shops; tennis, squash and volleyball courts; and a grill steak house.
Mohammed M. Hamid, Chairman of the AYA Investment Group, commented, “We are extremely pleased to partner with The Rezidor Hotel Group and add this pearl to Uganda’s hospitality scene.
Rezidor has already proven their capacity to successfully operate international hotel brands across Africa and has a very good understanding of the continent’s opportunities and challenges in the travel and tourism industry.
We are keen on benefitting from Rezidor’s knowledge and showcasing an outstanding luxury hotel experience in Kampala.”
Uganda is called the Pearl of Africa as a result of Winston Churchill's reference to the East African country in his 1908 book "My African Journey." Churchill's use of the descriptive metaphor was inspired by his impression of the country as an example of magnificence in its "variety of form and color" and its "profusion of brilliant life."
This was the inspiration behind the Pearl of Africa hotel that will reflect the local culture to its guests and the magnificence of the country – a true Quorvus Collection Hotel.
For further media information, please contact:
Saadiyah Hendricks, Area Communication & PR Manager for Africa & Indian Ocean
saadiyah.hendricks@carlsonrezidor.com +27 21 431 2390
Lucie Cardona, Corporate Communications & PR Leader
lucie.cardona@carlsonrezidor.com +32 2 730 7832
About The Rezidor Hotel Group
The Rezidor Hotel Group is one of the most dynamic hotel companies in the world and a member of the
Carlson Rezidor Hotel Group.
The group features a portfolio of approximately 475 hotels in operation or under
development with 104,000 rooms in more than 80 countries.
Rezidor operates the core brands Radisson Blu and Park Inn by Radisson in Europe, the Middle East and Africa (EMEA), along with the Club Carlson loyalty program for frequent hotel guests. In early 2014, and together with Carlson, Rezidor launched the Radisson RED (lifestyle select) and Quorvus Collection (luxury)brands.
Since 2016, Rezidor has owned 49% of prizeotel. Rezidor has an industry-leading Responsible Business Program and was awarded one the World's Most Ethical Companies by the US think-tank Ethisphere.
In November 2006, Rezidor was listed on the Nasdaq Stockholm, Sweden. HNA Tourism Group Co., Ltd.—a
division of HNA Group Co., Ltd., a Fortune Global 500 company with operations across aviation, tourism,
hospitality, finance, and online services among other sectors—became the majority shareholder in December
2016.
The corporate office of The Rezidor Hotel Group is based in Brussels, Belgium.
For more information, visit www.rezidor.com
Twitter @carlsonrezidor
LinkedIn www.linkedin.com/company/2364
Instagram www.instagram.com/rezidor_ourpromise
About Quorvus Collection
Quorvus Collection is a new generation of expertly curated luxury hotels inspired by the lifestyle and
sensibilities of the contemporary global traveler. Individual and inspiring, each property within the collection
offers a distinguished guest experience and an invitation to immerse oneself in the best a location can offer.
The collection currently includes G & V Royal Mile Hotel Edinburgh, Hormuz Grand Hotel, Muscat and Symphony Style Hotel Kuwait. Each hotel is unique and has different architecture, ambiance and design.
Quorvus Collection plans to grow to include an array of historic landmark properties, contemporary
residences, classic boutiques and urban retreats.
Quorvus Collection is a part of Carlson Rezidor Hotel Group which also includes Radisson Blu®, Radisson®,
Radisson RED, Park Plaza®, Park Inn® by Radisson and Country Inns & Suites By CarlsonSM.
For more information visit www.quorvuscollection.com
Friday, 27 January 2017
ETHIOPIA: Ethiopia Tourism To Grow Threefold In Five Years
Ethiopia aims to triple its number of foreign visitors to more than 2.5 million by 2020, making tourism a pillar of one of Africa’s fastest-growing economies.
Buoyed by huge spending on infrastructure and an expansion of its services and agricultural sectors, Addis Ababa expects annual economic growth of around 11 percent for the next five years.
Though lacking the palm-fringed beaches and safari trails of neighboring Kenya and Tanzania, the Horn of Africa country boasts magnificent terrain and a fascinating imperial past.
Visitor numbers have risen at least 10 percent a year for the past decade. More than 750,000 tourists came during fiscal year 2014/2015, generating $2.9 billion for the economy, said Culture and Tourism Minister Amin Abdulkadir.
“There is a lot of demand in terms of bookings and investment plans. Our target is to receive more than 2.5 million in five years’ time,” he told Reuters in an interview.
“This sector will generate foreign direct investment and foreign currency and create job opportunities, as well as contribute to image-building.”
Hilton Worldwide Holdings signed a management deal on Wednesday to open its first hotel in Ethiopia in more than four decades, while sub-Saharan Africa’s first Marriott-branded serviced apartments have also been unveiled in the capital.
Sheraton, Radisson and Golden Tulip are among a handful of global groups already operating, and U.S. chain Best Western International Inc, France’s AccorHotels and Ramada say they are also working on new projects.
“We are a peaceful and stable country. Plus, we have the right policies and strategies,” said Amin. “It will not be long before we reach the levels of our neighbors.”
Buoyed by huge spending on infrastructure and an expansion of its services and agricultural sectors, Addis Ababa expects annual economic growth of around 11 percent for the next five years.
Though lacking the palm-fringed beaches and safari trails of neighboring Kenya and Tanzania, the Horn of Africa country boasts magnificent terrain and a fascinating imperial past.
Visitor numbers have risen at least 10 percent a year for the past decade. More than 750,000 tourists came during fiscal year 2014/2015, generating $2.9 billion for the economy, said Culture and Tourism Minister Amin Abdulkadir.
“There is a lot of demand in terms of bookings and investment plans. Our target is to receive more than 2.5 million in five years’ time,” he told Reuters in an interview.
“This sector will generate foreign direct investment and foreign currency and create job opportunities, as well as contribute to image-building.”
Hilton Worldwide Holdings signed a management deal on Wednesday to open its first hotel in Ethiopia in more than four decades, while sub-Saharan Africa’s first Marriott-branded serviced apartments have also been unveiled in the capital.
Sheraton, Radisson and Golden Tulip are among a handful of global groups already operating, and U.S. chain Best Western International Inc, France’s AccorHotels and Ramada say they are also working on new projects.
“We are a peaceful and stable country. Plus, we have the right policies and strategies,” said Amin. “It will not be long before we reach the levels of our neighbors.”
Tuesday, 6 October 2015
ETHIOPIA: Ethiopia To Triple Tourist Numbers By 2020
Ethiopia aims to triple its number of foreign visitors to more than 2.5 million by 2020, making tourism a pillar of one of Africa’s fastest-growing economies.
Buoyed by huge spending on infrastructure and an expansion of its services and agricultural sectors, Addis Ababa expects annual economic growth of around 11 percent for the next five years.
Though lacking the palm-fringed beaches and safari trails of neighbouring Kenya and Tanzania, the Horn of Africa country boasts magnificent terrain and a fascinating imperial past.
Visitor numbers have risen at least 10 percent a year for the past decade, albeit from a very low base. More than 750,000 tourists came during fiscal year 2014/2015, generating $2.9 billion for the economy, said Culture and Tourism Minister Amin Abdulkadir.
“There is a lot of demand in terms of bookings and investment plans. Our target is to receive more than 2.5 million in five years time,” he told Reuters in an interview.
“This sector will generate foreign direct investment and foreign currency and create job opportunities, as well as contribute to image-building.”
Hilton Worldwide Holdings signed a management deal on Wednesday to open its first hotel in Ethiopia in more than four decades, while sub-Saharan Africa’s first Marriott-branded serviced apartments have also been unveiled in the capital.
Sheraton, Radisson and Golden Tulip are among a handful of global groups already operating, and U.S. chain Best Western International Inc, France’s AccorHotels and Ramada say they are also working on new projects.
Ethiopia’s target for 2020 looks modest, however, in comparison to that of Egypt, where 9.9 million tourists visited last year.
“We are a peaceful and stable country. Plus, we have the right policies and strategies,” said Amin. “It will not be long before we reach the levels of our neighbours.”
Buoyed by huge spending on infrastructure and an expansion of its services and agricultural sectors, Addis Ababa expects annual economic growth of around 11 percent for the next five years.
Though lacking the palm-fringed beaches and safari trails of neighbouring Kenya and Tanzania, the Horn of Africa country boasts magnificent terrain and a fascinating imperial past.
Visitor numbers have risen at least 10 percent a year for the past decade, albeit from a very low base. More than 750,000 tourists came during fiscal year 2014/2015, generating $2.9 billion for the economy, said Culture and Tourism Minister Amin Abdulkadir.
“There is a lot of demand in terms of bookings and investment plans. Our target is to receive more than 2.5 million in five years time,” he told Reuters in an interview.
“This sector will generate foreign direct investment and foreign currency and create job opportunities, as well as contribute to image-building.”
Hilton Worldwide Holdings signed a management deal on Wednesday to open its first hotel in Ethiopia in more than four decades, while sub-Saharan Africa’s first Marriott-branded serviced apartments have also been unveiled in the capital.
Sheraton, Radisson and Golden Tulip are among a handful of global groups already operating, and U.S. chain Best Western International Inc, France’s AccorHotels and Ramada say they are also working on new projects.
Ethiopia’s target for 2020 looks modest, however, in comparison to that of Egypt, where 9.9 million tourists visited last year.
“We are a peaceful and stable country. Plus, we have the right policies and strategies,” said Amin. “It will not be long before we reach the levels of our neighbours.”
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