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Starwood Capital Sell Louvre Group

Category: Hotels, Posted:08 Dec 2014 | 06:00 am

Barry Sternlicht's Starwood Capital has sold Louvre Hotels to China's Jin Jang International.
The deal has been valued in the financial press at USD3.2 billion.
Louvre whose core brand is Golden Tulip has over 1100 hotels across 40 countries.
In recent weeks reports had ACCOR close to doing a deal with Louvre, but at the end of the day Jin Jang who have nearly 1800 properties did the deal.

Other News

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It’s A Tuesday, What’s Up in Thailand

Category: Tourism, Posted:03 Aug 2021 | 10:49 am As the Thailand red zone closures mount, and domestic travel remains challenged, we take a few minutes to bring you some of our new feature videos. August looks to be challenging but vaccinations are continuing and there is light at the end of the tunnel, for now to our readers we say – keep the […]
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Why Is The Phuket Sandbox Important?

Category: Tourism, Posted:02 Aug 2021 | 10:27 am As Bangkok grapples with rising numbers of Covid infections, leading tourism voice KP Ho, Executive Chairman of Banyan Tree Group, has told European envoys, airlines, senior officials and business leaders, that for Phuket Sandbox to succeed it is imperative for Phuket to be given “green” destination status. Speaking at the Phuket Sandbox Summit held at […]
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Direct International Flight For Koh Samui Coming

Category: Tourism, Posted:27 Jul 2021 | 11:29 am Koh Samui is set for the resumption of international flights from Singapore on the 1st of August. Under the Samui Plus program and expecting increased demand, Bangkok Airways is taking this first step for the direct overseas service. The initial stage is three flights a week on Monday, Thursday and Sunday. Meanwhile in the Phuket […]