Louvre Hotels is a Groupe du Louvre subsidiary and it was established in 1976 and since 2005 has been owned by Starwood Capital Group private equity firm. Golden Tulip Hospitality Group, founded in 1962 in the Netherlands, is a worldwide company of winning hospitality brands. In July 2009 Louvre Hotels joined forces with the Golden Tulip Hospitality Group, when Starwood Capital Group took over the latter. This move propelled Louvre Hotels Group (Louvre Hotels & Golden Tulip) in the top 10 worldwide hospitality industry. Louvre Hotels Group operates six clearly differentiated hotel brands, ranging from 1 to 5 stars: Première Classe, Campanile, Kyriad, Tulip Inn, Golden Tulip and Royal Tulip, in which Tulip Inn, Golden Tulip and Royal Tulip have been developed in China since August 2008. Currently we have an estimation of 20 hotel projects with 5000 keys developing in China and we anticipate a portfolio of 50 hotels in China within next five years. Thanks to its expansion plans in growth markets, as well as markets in which the group already has a strong presence (France, the Netherlands, Europe, North Africa, Brazil, Middle East and India), Louvre Hotels Group is a key player in the international hotel industry. It now counts more than 1,200 hotels, representing a total capacity of nearly 90,000 rooms in 42 countries.