Louis Ltd announces that its subsidiary, Louis Hotels Ltd, has agreed with Louis Tourist Agency Ltd the acquisition of 50% of the share capital of Gerani – Hotels – Tourism SA (“Gerani”). The above company is registered in Greece and is active in the hotel sector through the ownership and operation of a hotel unit in Chania of Crete.
With this acquisition we aim the centralization of all hotel-related activities in Louis Hotels Ltd, and consequently, the enhanced utiization of the synergies offered . Also, the immediate competition between the mother company, LTA with Louis Hotels, is avoided, as the latter owns one more hotel in the same area, Louis Creta Princess.
With this acquisition we aim the centralization of all hotel-related activities in Louis Hotels Ltd, and consequently, the enhanced utiization of the synergies offered . Also, the immediate competition between the mother company, LTA with Louis Hotels, is avoided, as the latter owns one more hotel in the same area, Louis Creta Princess.