
News & Stories
New York. Financially weak Palace Hotels are helping themselves in future: The marketing association The Leading Hotels of the World together with american investors, opened up a million dollar trust in order to be able to provide suffering luxury hotels in urgent need of money for renovations.
Toronto. North America's largest luxury hotel group has tried in vain for years to get a foothold in Europe. Fairmont Hotels & Resorts has now bought the Monte Carlo Grand Hotel and will take over the management as well. What made it possible is a new financially well-heeled fund for Europe. A new investment trend paves the way.