Luxury Leader LVMH Move Into Hotels
Leading global luxury brand maven LVMH (Louis Vuitton Moet Hennessy) are set to enter the hotel business back of the Cheval Blanc brand according to reports released by the company.
Two new properties will be located in Oman and Egypt, with both scheduled for openings in 2012. With just 6 staff in the corporate hotel office, the hotel management company is looking to grow though management agreements rather than direct investment.
On offer at the group's hotels will be the wide array of consumer brands which cover a wide spectrum of leading top shelf amenities.