Foundation & Other Corporate Developments
Louis plc was founded in Nicosia in 1998 as a private company under the name Louis Cruise Lines Ltd for the purpose of acquiring the 100% of the share capital of Louis Group’s ship-owning and other related group companies that operated in the cruising sector.
In 1999, the Company’s Board of Directors decided to undertake all necessary steps in order to transform the company into a public company and in August 1999, the company was finally admitted to the Cyprus Stock Exchange.
The vision of Louis plc is to establish itself as the leading tourism Company in the Southeastern Mediterranean, by offering high quality services to its customers and to its business partners and by upgrading the tourism product offered in both Cyprus and Greece.
The Company aims to strengthen and enhance its strategic alliances with major international Tour Operators, as well as to further expand its activities by adding new hotel units and expanding its existing ones.
Louis plc, a member of the Louis Group, is currently one of the leading Cyprus companies engaged in the tourism industry in the Southeastern Mediterranean. Louis plc mainly focuses on the hotel sector in both Cyprus and Greece, through its subsidiary Louis Hotels Public Company Ltd (25 hotel units). It is also active in the catering business as well as in the sea tourism sector (cruises) through Celestyal Cruises Ltd (2 cruise ships). Furthermore, it participates in the share capital of the Hilton Cyprus Hotel in Nicosia, holding approximately, a 22% stake.
The ultimate objective of Louis plc is to further develop and update the quality of the services that it offers to its clients.