|Taiwan's LDC Hotels buys into Italy as local chains expand.|
Friday, 7th February 2014
Source : External source
As LDC Hotels buys up properties in Italy, rival FIHC focuses on management, while the Ambassador chain is turning to leasing and BOT projects.
Checking into an elegant historic hotel with classic decor in Venice, Italy, one might not think the owner of the hotel could be Taiwanese.
But that is changing.
LDC Hotels & Resorts Group, which was founded in 2008 and currently owns more than 10 hotels globally, announced earlier this month that it has acquired the ownership of a century-old mansion in Venice, with plans to renovate it into a 30-room luxury hotel.
The group said the mansion, which will be named Grand Canal Palace Hotel, is expected to open its doors to the public in the first quarter of next year.
This is not the group’s first hotel in Italy — LDC Hotels secured the ownership of two luxury hotels near Milan and Rome last year, naming them the Relais Sant’Uffizio Wellness & Spa Hotel and Relais Villa Monte Solare Hotel.