Louvre-Tulip hotels signs new deal to build on Hainan island

Thursday, January 13, 2011

PARIS -- Louvre Hotels-Golden Tulip said on Wednesday it had signed a deal with a Chinese partner to build two hotels on Hainan island, intending to operate 50 hotels in China by 2015. Louvre Hotels bought the Dutch upper range hotel chain Golden Tulip in 2009, and is linked to Starwood Capital.

It has already opened three hotels in Shanghai where it has also opened an office. The group chief executive Pierre-Frederic Roulot told AFP that the first two hotels, of 400 and 200 rooms on Hainan island, should soon be followed by a third.

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