On 6th January 2020 it was announced that Minor Hotels, based in Bangkok, Thailand, will gain management of eight significant hotels in Europe. Covivio has purchased the hotels, which are currently all Boscolo, and they will be initially managed by Minor subsidiary NH Hotels, before being re-branded.
The hotels, which total 1,115 rooms, are: the Palazzo Naiadi in Rome, Italy; the Carlo IV in Prague, Czech Republic; Hotel Plaza in Nice, France; the NY Palace and The NY Residence in Budapest, Hungary; and Grand Hotel Dei Dogi in Venice, Italy; plus the Bellini Hotel in Venice and Palazzo Gaddi in Florence.
This announcement is highly significant, as it shows how the tentacles of the once-small company founded by Bill Heinecke – who called it Minor as he was himself then too young to hold official office – are growing at rapid rate, around the world. Right now, Minor CEO Dillip Rajakarier is working out how NH Hotels fit into the overall Minor picture (will NH Hotels become part of the Discovery loyalty programme of Global Hotel Alliance GHA, of which Minor is a shareholder?).
Based in Metz, France, Covivio, formerly Foncière des Régions, is a European investment and development company with business activities encompassing office real estate (46%), hotels (26%) and residential accommodation (portfolio is worth an estimated €23 billion). Its portfolio is divided between Paris, Berlin and Milan. CEO is Christophe Kullmann.