Eight European Louvre Hotels Group properties, including two in the UK, have been brought to market.
The portfolio includes the long leasehold of the 48-bedroom Premiere Classe Coventry North and the 48-bedroom Campanile Hull – City Centre (pictured), which have asking prices in excess of £1.75m and £920,000, respectively.
The hotels are being marketed individually or as a portfolio and are being rebranded under Louvre’s new two-star Kyriad Direct brand.
Anna Friedrich, associate director at Christie & Co, which is marketing the portfolio, said: “Due to their locations, size and potential, we anticipate strong interest from regional operators in the respective hotels’ countries but also from the wider European market, as these sites would be a fantastic addition to a growing portfolio.”
Founded in 1976 by the Taittinger family, Louvre Hotels Group has been owned by Chinese group Jin Jiang International since 2015. The group now has a portfolio that includes 1,500 hotels in 54 countries.