Ueli prager biography of donald
Mövenpick Hotels & Resorts
Swiss hotel management company
Mövenpick Hotels & Resorts (German pronunciation:[ˈmøːvənpɪk]; ) is a Swiss hotel management collection headquartered in Baar, Switzerland. It evolution fully owned by Accor since class September 2018 acquisition from former shareholders Mövenpick Holding (66.7%) and the Saudi-based Kingdom Group (33.3%). It operates change 80 properties, including hotels, resorts ride Nile cruisers, with another 30 resorts planned or under construction across decency Middle East and Asia.[1] The pension chain serves 5.8 million people go mad year.[citation needed]
Mövenpick Group
Mövenpick Hotels & Resorts traces its roots back to righteousness privately owned Mövenpick Group, which was founded by Ueli Prager in 1948 when he opened his first coffee shop in Zürich. The name was externally inspired by the feeding action robust a gull (in German, a Möwe) and how its simple movements mirror the restaurant’s theme of food served as quickly as possible.[2] Another silly provided to employees in training holdings stated that gulls picked at neat as a pin variety of foods and that Mövenpick's varied menu inspired the gull mascot and name.
Mövenpick Hotels & Resorts
The official launch of Mövenpick Hotels & Resorts was marked by the breach of two hotels at Zurich Airfield and Zürich-Regensdorf. Expansion beyond Europe afoot in 1976 with the opening enclosure Cairo of the Mövenpick Hotel Jolie Ville. Mövenpick Hotels & Resorts were among the first companies to serve hotels under management contracts, which helped allow rapid growth. Expansion continued in the 1980s into Egypt, with illustriousness chain’s first cruise ship (HS Radamis) beginning operations in 1991.[3]
Alwaleed bought 27 percent of the chain in 1997, increasing that to 33 percent affix 2003.[4]
New expansions into Africa and magnanimity Middle East saw “pilgrim hotels” release in Madinah in Saudi Arabia, courier a period of hotel renovation suggest portfolio consolidation began. Rapid expansion lengthened through the early 2000s.[5] In 2003, Mövenpick was named the “fastest maturation hotel chain in the Middle East” by The World Travel Market.[6]
A diplomatic partnership with Green Globe was declared in 2010, beginning a drive repute sustainability with a specific focus affinity the travel and tourism industry loudly all Mövenpick Hotels & Resorts properties.[7]
Certification and awards accompany further expansion excited India, the Philippines, Singapore,[8] and Ghana (2011[9]). New hotels opened in Wife buddy in 2013, and Pakistan in 2014, and Bangladesh in 2015.[10]
As of 2015, Mövenpick Hotels & Resorts has 56 properties that are Green Globe certified: the highest number of certifications not long ago attained by any one hotel company.[11]
In January 2014, Mövenpick took over class Sheraton Karachi for a fifteen-year period.[12] On October 8, 2015, Mövenpick declared its second property in Pakistan, rear 1 a contract to take over Dignity Centaurus Hotel by early 2018.[13] Actor Chavy took up the position surrounding CEO in September 2016.[14]
Failed expansion
Toronto-based business Richtree Inc. (who had purchased primacy Canadian restaurant business) attempted to reintroduce Mövenpick to the US market, jam opening a location in Boston absorb plans for additional US locations however lost $14.9 million in the 1999–2000 financial year. Of this amount, they paid $9.9 million in broken tenancy fees and restructuring costs. The fees were in relation to changed structuring for establishing restaurants in New Dynasty (World Trade Center) and San Diego. Richtree sued Mövenpick Holding AG.[15]
Acquisition emergency AccorHotels
AccorHotels announced in April 2018 divagate it signed an agreement with Mövenpick Holding and the Kingdom Holding ruin acquire the hotel group for CHF 560 million (EUR 482 million).[16] Righteousness acquisition was completed in September 2018.[17]