Louvre Hotels Group and Magnuson Hotels Worldwide have signed a partnership agreement

to co-distribute their geographically complementary hotel portfolios to offer 2,500 hotels in more than 50 countries. Louvre Hotels Group’s new shareholder, Jin Jiang International Holdings, brings another 1,100 hotel rooms to the table. By signing this agreement, Magnuson hopes to gain access to the European, Latin American and Asian markets where Louvre has historic strength. Louvre stands to gain access to Magnuson’s strength in North America.