Le Méridien

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Template:Short description Script error: No such module "redirect hatnote". Script error: No such module "Infobox".Template:Template otherScript error: No such module "Check for conflicting parameters".Script error: No such module "Check for unknown parameters". Le Méridien is an American upscale, design-focused international hotel brand with a European perspective. It was originally founded by Air France in 1972 and was later based in the United Kingdom. Marriott International now owns the chain. As of June 2021, it had a portfolio of 109 open hotels with 29,439 rooms and a pipeline of 37 hotels with 9,585 upcoming rooms.[1]

History

Foundation and early years

Air France established Meridien Hotels in 1972.[2] The chain's hotels offered accommodation for Air France flight crews in major hub cities, and the airline promoted the chain and handled reservations for it.[3] The first Meridien Hotels property was a 1,000-room hotel in the heart of Paris, the Hotel Meridien Paris, today known as Le Méridien Paris Arc de Triomphe (formerly Le Méridien Etoile).[4] The chain grew to 10 hotels in Europe and Africa within two years and had 21 hotels spanning the globe within six years.

In 1994, as part of a cost-cutting measure, Air France sold its controlling interest in Meridien Hotels Inc., a 57.3% stake, to the UK-based Forte Group for $207 million.[3] Meridien Hotels numbered 58 properties at the time. The sale followed an 18-month battle for control of the company between Forte, German-based Kempinski and French hospitality company Accor.[3] The French government was reported to have favored Accor's bid, wishing to keep the company French-owned, while the European Commission was reported to have favored Forte over Accor and to have pressured Air France to sell to Forte, in exchange for a vital 20 billion Franc bailout for the airline.[5] Forte simultaneously announced their intention to buy the remaining minority stakes in the hotel chain from Crédit Foncier de France, Crédit Lyonnais and other shareholders.[3]

UK conglomerate Granada won a hostile takeover battle for Forte in January 1996.[6] Granada convinced majority shareholders to sell to them, rather than Rocco Forte, son of the company's founder, who feared Granada would strip the company of its assets.[6] Granada assumed control of Forte for $5.9 billion.[6] Soon after, in May 1996, Granada announced its intention to sell the 18 luxury hotels of the Forte Hotels chain, but to retain the 85 hotels in the Meridien Hotels chain.[7] The 2000 merger of Forte and caterer Compass Group, and demerger within a year, passed the Forte Hotels division's three remaining brands (Le Méridien, Heritage Hotels and Posthouse Forte) to Compass.[2]

Development since 2000

In May 2001, Nomura Group acquired Le Méridien Hotels & Resorts from Compass for £1.9 billion, and Le Méridien was merged with Principal Hotels, which had been acquired in February 2001.[8] In December 2003, Lehman Brothers Holdings acquired the senior debt of Le Méridien.[9]

US-based Starwood acquired Le Méridien on November 24, 2005. A Lehman Brothers and Starwood Capital Group joint venture obtained the leased and owned real estate assets in a separate deal.[2] Over the following five years, 45 of these 130 properties were sold, and 20 new ones were added to the chain.[10]

In September 2016, Marriott gained the Le Méridien brand as part of its acquisition of Starwood.[11] On 16 March 2023, Le Meridien re-opened in Melbourne after previously operating a hotel in The Rialto. The new hotel is placed over the spot previously occupied by the Palace Theatre. The hotel cost $100 million to build.[12] Shortly after, Le Méridien announced the opening of Le Méridien Melbourne, marking the return of the Le Méridien brand to Australia.[13]

Locations

File:Meridien hotel Vienna June 2006 595.jpg
Le Méridien in Vienna
File:Hotel Le Méridien, Paro.jpg
Le Méridien in Paro
North
America
Template:Thin spaceEuropeTemplate:Thin space Middle East
& Africa
Asia &
Pacific
Caribbean &
Latin America
Total
2016[14] Properties Template:Nb520 Template:Nb515 Template:Nb527 Template:Nb542 Template:Nb52 Template:Nb5106
Rooms 4,473 5,051 Template:Nb57,530 10,973 Template:Nb5271 28,298
2017[15] Properties Template:Nb522 Template:Nb516 Template:Nb527 Template:Nb545 Template:Nb52 Template:Nb5112
Rooms 5,006 5,292 Template:Nb57,530 11,630 Template:Nb5271 29,729
2018[16] Properties Template:Nb519 Template:Nb515 Template:Nb524 Template:Nb547 Template:Nb52 Template:Nb5107
Rooms 3,987 5,010 Template:Nb56,612 12,154 Template:Nb5271 28,034
2019[17] Properties Template:Nb521 Template:Nb515 Template:Nb523 Template:Nb549 Template:Nb52 Template:Nb5110
Rooms 4,480 5,021 Template:Nb56,526 12,903 Template:Nb5271 29,201
2020[18] Properties Template:Nb522 Template:Nb516 Template:Nb522 Template:Nb547 Template:Nb52 Template:Nb5109
Rooms 4,748 4,997 Template:Nb56,588 12,683 Template:Nb5271 29,287
2021[19] Properties Template:Nb524 Template:Nb516 Template:Nb521 Template:Nb547 Template:Nb52 Template:Nb5110
Rooms 5,287 5,156 Template:Nb56,124 12,446 Template:Nb5271 29,284
2022[20] Properties Template:Nb525 Template:Nb516 Template:Nb523 Template:Nb549 Template:Nb52 Template:Nb5115
Rooms 5,705 5,154 Template:Nb56,848 12,486 Template:Nb5271 30,464
2023[21] Properties Template:Nb525 Template:Nb516 Template:Nb523 Template:Nb552 Template:Nb53 Template:Nb5119
Rooms 5,489 5,156 Template:Nb56,841 12,981 Template:Nb5562 31,029

Notable properties

References

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External links

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