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Langham Hospitality plans a hotel shopping spree.
Friday, 25th April 2014
Source : External Source
 

Great Eagle unit is to acquire 10 hotels mostly in Europe and the United States as it targets a portfolio of 500 properties over the next 10 years.

Langham Hospitality Group, the hotel arm of Great Eagle, will earmark US$1.5 billion to acquire 10 hotels, largely in the United States and Europe, where asset prices remain attractive, as part of its expansion drive to build up a portfolio of 500 hotels in 10 years.

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