Louvre Hotels Group plans to invest in projects in Kyiv, Lviv and Bukovel

Louvre Hotels Group plans to invest in projects in Kyiv, Lviv and Bukovel

The international hotel chain Louvre Hotels Group (France) is holding negotiations with a number of Ukrainian developers, projects are being considered in Kyiv, Lviv and Bukovel

As reported, in the spring of 2024, the chain plans to open its first hotel in Ukraine, under the Tulip Hotels & Residences brand as part of the Kristal Plaza BFC (Lviv, Panas Myrny St., 24).

“We believe in Ukraine, so we are opening a hotel here in Lviv, as part of the multifunctional office and hotel complex Kristal Plaza, under our most promising brand – Tulip Hotels & Residences. The conscious decision to expand into Ukraine was made at the end of 2022. This is our support Ukrainian hotel developers and Ukrainian hospitality in general. The 73-room apart-hotel is located as one of the components of the complex from the second to the eighth floors. The developer of the project is the Galician Construction Guild (GBG). The building was put into operation during the war in April 2023. The rooms are currently being decorated and furnished; we plan to open the apart-hotel in late spring 2024.

“At the moment we are negotiating with one of the Ukrainian developers regarding another Tulip Residence hotel, another is interested in (the brand) Golden Tulip. There is keen interest in Kiev, Lviv and Bukovel, we are considering specific objects there, but agreements have not yet been signed. Also, probably , Odessa and Ivano-Frankivsk. It all depends on the investor, how actively he is now ready to invest in the creation of a professional hotel facility. If he decides to join the network and makes the appropriate modifications to the fire and security systems, then we are ready to cooperate," said the regional director development director Louvre Hotels Group Philippe Campagno

According to him, LHG has “one of the most competitive proposals”: negotiations start with 6% of the income of the room stock, without the turnover of the restaurant and commercial space.

Founded in 1976, the French Louvre Hotels Group has been part of Jin Jiang International since 2015. The group has a network of more than 1,720 hotels from 1 to 5 stars in 54 countries, including Royal Tulip (5*), Golden Tulip (4*), Campanile (3+*), Tulip Hotels & Residences (3*, hotels and apart-hotels for long-term stays), Kyriad and Kyriad Direct (3* and 2*, respectively) and Première Classe (1-2* level); five Sarovar brands in India, as well as soft brands Hôtels & Préférence Group and TemptingPlaces for exclusive and boutique hotels.

Currently it ranks second in size in the world and Europe.

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