Partnering for Fletcher Hotels buy out
Founded in 1994, Fletcher Hotels is the largest and most popular hotel chain in the Netherlands, with 73 hotels, almost 4,000 rooms and more than 2,700 employees. After considering a range of options to support the next stage in its growth journey, the company was recently sold in a management buy-out led by CEO Rob Hermans and CFO Edwin van Heteren.
NIBC was invited to team up with the senior managers and with Luxembourg-based hotel investors Xead Group Sarl, to buy out the business for an undisclosed amount from original founder Chris Luken.
By supporting Fletcher’s acquisition, we helped this hugely successful and entrepreneurial company to continue realising its long-term ambitions, while maintaining its proud Dutch roots.
Fletcher Hotels is well positioned to continue its expansion at home and internationally, growing its portfolio to 100 hotels and further strengthening its brand.
This was a great opportunity for us to acquire this unique business and ensuring its continuity. Little will change for staff, our guests and the company because management is very familiar with the company and the current strategy will continue to be executed. - Rob Hermans, CEO, Fletcher Hotels.