This announcement follows their recent collaboration on an application hotel under the Hosho brand. The Hollywood Hotel Cannes, owned by Courbet since September 2021, will be completely renovated and renamed Kyriad in mid-June 2024.This partnership strengthens the relationship between the two groups, with Louvre Hotels Group continuing to expand in the midscale segment with its Kyriad brand.

Located close to Cannes city centre and Cannes-Mandelieu airport, the new hotel will have 97 rooms, a large car park with charging points for electric vehicles, a swimming pool and a one-hectare park. Private terraces will also be available for ground-floor rooms. The establishment will offer a range of leisure and business events throughout the year.

The hotel's restaurant, overseen by Parisian restaurateur Patrick Mota, will offer a refined gastronomic experience in keeping with the reputation of his previous Parisian establishments.

"Louvre Hotels Group is delighted to continue its collaboration with Courbet. The signing of a new Kyriad hotel in Cannes reflects the Group's desire to strengthen its presence in the midscale segment, and the establishment will perfectly embody the spirit of the brand, characterized by unique concepts and designs dedicated to discovery." - Krystel Blondeau, General Manager France at Louvre Hotels Group.

"This second partnership seals Courbet's intention to invest in the long term, both for its assets and in its relationships with privileged partners like Louvre Hotels Group. The Hollywood Hotel Cannes is a unique and original hotel located in Cannes, a world-renowned brand city and triple award winner at the international level by the World Travel Awards for hosting prestigious events like the Cannes International Film Festival or MIPIM. We are aware of this potential and pleased to continue our development by concluding this franchise agreement with Louvre Hotels Group." - Jean-François Ott, CEO of Courbet