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Le Méridien

October 10, 2023

"Méridien" redirects here. For the typeface, see Méridien (typeface).

Le Méridien is an 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.[2]

Le Méridien
TypeSubsidiary
IndustryHospitality
Founded1972; 51 years ago (1972)
FounderAir France
HeadquartersBethesda, Maryland, United States
Number of locations
115[1] (December 2022)
Area served
Worldwide
ParentMarriott International
Websitele-meridien.marriott.com

History Edit

 
Le Méridien Istanbul Etiler Hotel, designed by Emre Arolat

Air France established Meridien Hotels in 1972.[3] 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.[4] 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 Etoile.[5] 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.[4] 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.[4] 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.[6] 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.[4]

UK conglomerate Granada won a hostile takeover battle for Forte in January 1996.[7] 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.[7] Granada assumed control of Forte for $5.9 billion.[7] 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.[8] 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.[3]

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.[9] In December 2003, Lehman Brothers Holdings acquired the senior debt of Le Méridien.[10]

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.[3] Over the following five years, 45 of these 130 properties were sold, and 20 new ones were added to the chain.[11]

In September 2016, Marriott gained the Le Méridien brand as part of its acquisition of Starwood.[12] The brand has since been positioned as a premium lifestyle product distinguished by a mid-century modern design aesthetic and destination-centric events and programming.

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. [13] Shortly after, Le Méridien announced the opening of Le Méridien Melbourne, marking the return of the Le Méridien brand to Australia.[14]

Worldwide presence Edit

 
Le Méridien in Montparnasse
North
America		  Europe  Middle East
& Africa		 0Asia &0
Pacific		 Caribbean &
Latin America		 Total
2016[15] Properties      020      15      027      042      002      106
Rooms 004,473 05,051      7,530 010,973      0271 028,298
2017[16] Properties      022      16      027      045      002      112
Rooms 005,006 05,292      7,530 011,630      0271 029,729
2018[17] Properties      019      15      024      047      002      107
Rooms 003,987 05,010      6,612 012,154      0271 028,034
2019[18] Properties      021      15      023      049      002      110
Rooms 004,480 05,021      6,526 012,903      0271 029,201
2020[19] Properties      022      16      022      047      002      109
Rooms 004,748 04,997      6,588 012,683      0271 029,287
2021[20] Properties      024      16      021      047      002      110
Rooms 005,287 05,156      6,124 012,446      0271 029,284
2022[1] Properties      025      16      023      049      002      115
Rooms 005,705 05,154      6,848 012,486      0271 030,464

References Edit

  1. ^ a b "2022 Annual Report". www.marriott.gcs-web.com. p. 6.
  2. ^ "Le Méridien". Marriott Hotels Development. Retrieved 20 October 2021.
  3. ^ a b c "Le Méridien History". www.maccharlesindia.com.
  4. ^ a b c d Ibrahim, Youssef M. (September 15, 1994). "COMPANY NEWS; Air France Sells Meridien Hotels to Forte". New York Times.
  5. ^ "Paris Hotels: Le Méridien Etoile Reopens with a Splash". Bonjour Paris. 2016-09-26. Retrieved 2017-05-08.
  6. ^ Bruce, Rupert (May 2, 1994). "Forte's bid faces political hurdle: EC watches as Air France sells Meridien". Independent.
  7. ^ a b c "Granada Group Wins Control of Forte". Los Angeles Times. January 24, 1996.
  8. ^ "Granada to sell Forte hotels". The Irish Times. May 23, 1996.
  9. ^ Osborne, Alistair (2001-05-26). "Le Meridien bought by Nomura from Compass for £1.9bn". Telegraph.co.uk. Retrieved 2017-05-08.
  10. ^ Macalister, Terry (2003-12-29). "Lehman finalises £700m Le Meridien rescue plan". The Guardian. ISSN 0261-3077. Retrieved 2017-05-08.
  11. ^ "Businesswire, 30 Nov 2010". www.businesswire.com (Press release).
  12. ^ "CNBC, 23 Sep 2016". www.cnbc.com. 23 September 2016.
  13. ^ Waters, Cara (16 March 2023). "Prices up, guest numbers down: New luxury hotels open in Melbourne". www.theage.com.au. Retrieved 16 March 2023.
  14. ^ "New Opening: Le Méridien Melbourne, the Marriott Brand's Debut in Australia". www.travelmarketreport.com. Retrieved 2023-03-21.
  15. ^ "2016 Annual Report". www.marriott.gcs-web.com. p. 7.
  16. ^ "2017 Annual Report". www.marriott.gcs-web.com. p. 7.
  17. ^ "2018 Annual Report". www.marriott.gcs-web.com. p. 6.
  18. ^ "2019 Annual Report". www.marriott.gcs-web.com. p. 6.
  19. ^ "2020 Form 10-K/A Marriott International". SEC filing. 2 April 2021.
  20. ^ "2021 Annual Report". www.marriott.gcs-web.com. p. 6.

External links Edit

 
Wikimedia Commons has media related to Le Méridien.
  • Official website  

October 10, 2023
méridien, méridien, redirects, here, typeface, méridien, typeface, upscale, design, focused, international, hotel, brand, with, european, perspective, originally, founded, france, 1972, later, based, united, kingdom, marriott, international, owns, chain, june,. Meridien redirects here For the typeface see Meridien typeface Le Meridien is an 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 2 Le MeridienTypeSubsidiaryIndustryHospitalityFounded1972 51 years ago 1972 FounderAir FranceHeadquartersBethesda Maryland United StatesNumber of locations115 1 December 2022 Area servedWorldwideParentMarriott InternationalWebsitele meridien wbr marriott wbr com Contents 1 History 2 Worldwide presence 3 References 4 External linksHistory Edit nbsp Le Meridien Istanbul Etiler Hotel designed by Emre ArolatAir France established Meridien Hotels in 1972 3 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 4 The first Meridien Hotels property was a 1 000 room hotel in the heart of Paris the Hotel Meridien Paris today known as Le Meridien Etoile 5 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 4 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 4 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 6 Forte simultaneously announced their intention to buy the remaining minority stakes in the hotel chain from Credit Foncier de France Credit Lyonnais and other shareholders 4 UK conglomerate Granada won a hostile takeover battle for Forte in January 1996 7 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 7 Granada assumed control of Forte for 5 9 billion 7 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 8 The 2000 merger of Forte and caterer Compass Group and demerger within a year passed the Forte Hotels division s three remaining brands Le Meridien Heritage Hotels and Posthouse Forte to Compass 3 In May 2001 Nomura Group acquired Le Meridien Hotels amp Resorts from Compass for 1 9 billion and Le Meridien was merged with Principal Hotels which had been acquired in February 2001 9 In December 2003 Lehman Brothers Holdings acquired the senior debt of Le Meridien 10 US based Starwood acquired Le Meridien 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 3 Over the following five years 45 of these 130 properties were sold and 20 new ones were added to the chain 11 In September 2016 Marriott gained the Le Meridien brand as part of its acquisition of Starwood 12 The brand has since been positioned as a premium lifestyle product distinguished by a mid century modern design aesthetic and destination centric events and programming 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 13 Shortly after Le Meridien announced the opening of Le Meridien Melbourne marking the return of the Le Meridien brand to Australia 14 Worldwide presence Edit nbsp Le Meridien in MontparnasseNorthAmerica Europe Middle East amp Africa 0 Asia amp 0 Pacific Caribbean amp Latin America Total2016 15 Properties 0 20 15 0 27 0 42 0 0 2 106Rooms 0 0 4 473 0 5 051 7 530 0 10 973 0 271 0 28 2982017 16 Properties 0 22 16 0 27 0 45 0 0 2 112Rooms 0 0 5 006 0 5 292 7 530 0 11 630 0 271 0 29 7292018 17 Properties 0 19 15 0 24 0 47 0 0 2 107Rooms 0 0 3 987 0 5 010 6 612 0 12 154 0 271 0 28 0342019 18 Properties 0 21 15 0 23 0 49 0 0 2 110Rooms 0 0 4 480 0 5 021 6 526 0 12 903 0 271 0 29 2012020 19 Properties 0 22 16 0 22 0 47 0 0 2 109Rooms 0 0 4 748 0 4 997 6 588 0 12 683 0 271 0 29 2872021 20 Properties 0 24 16 0 21 0 47 0 0 2 110Rooms 0 0 5 287 0 5 156 6 124 0 12 446 0 271 0 29 2842022 1 Properties 0 25 16 0 23 0 49 0 0 2 115Rooms 0 0 5 705 0 5 154 6 848 0 12 486 0 271 0 30 464References Edit a b 2022 Annual Report www marriott gcs web com p 6 Le Meridien Marriott Hotels Development Retrieved 20 October 2021 a b c Le Meridien History www maccharlesindia com a b c d Ibrahim Youssef M September 15 1994 COMPANY NEWS Air France Sells Meridien Hotels to Forte New York Times Paris Hotels Le Meridien Etoile Reopens with a Splash Bonjour Paris 2016 09 26 Retrieved 2017 05 08 Bruce Rupert May 2 1994 Forte s bid faces political hurdle EC watches as Air France sells Meridien Independent a b c Granada Group Wins Control of Forte Los Angeles Times January 24 1996 Granada to sell Forte hotels The Irish Times May 23 1996 Osborne Alistair 2001 05 26 Le Meridien bought by Nomura from Compass for 1 9bn Telegraph co uk Retrieved 2017 05 08 Macalister Terry 2003 12 29 Lehman finalises 700m Le Meridien rescue plan The Guardian ISSN 0261 3077 Retrieved 2017 05 08 Businesswire 30 Nov 2010 www businesswire com Press release CNBC 23 Sep 2016 www cnbc com 23 September 2016 Waters Cara 16 March 2023 Prices up guest numbers down New luxury hotels open in Melbourne www theage com au Retrieved 16 March 2023 New Opening Le Meridien Melbourne the Marriott Brand s Debut in Australia www travelmarketreport com Retrieved 2023 03 21 2016 Annual Report www marriott gcs web com p 7 2017 Annual Report www marriott gcs web com p 7 2018 Annual Report www marriott gcs web com p 6 2019 Annual Report www marriott gcs web com p 6 2020 Form 10 K A Marriott International SEC filing 2 April 2021 2021 Annual Report www marriott gcs web com p 6 External links Edit nbsp Wikimedia Commons has media related to Le Meridien Official website nbsp Retrieved from https en wikipedia org w index php title Le Meridien amp oldid 1178520248, wikipedia, wiki, book, books, library,

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