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This acquisition further consolidates the current footprint in Europe and in the Middle East and accelerates growth notably in key regions where the Group has been established for many years, such as Africa and Asia.
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ResDiary is notably well established in the Asia Pacific region as well as in the UK, and has a footprint in 60 countries globally, seating 166m diners a year in over 8,600 venues. The Company has generated profits for six years.
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The hotel will be located on West George Street opposite Queen Street Train Station and will offer 160 rooms and 590 beds. The opening is scheduled for 2020.
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Hilton signs another dual branded Hospitality project at Embassy TechVillage and continues to reaffirm its commitment to grow in India.
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Acquisition is to fuel company’s vision of ending 2018 with 180,000 exclusive keys while gaining a 4.5 percent share of India’s hotel market
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The acquisition of Regent is part of one of IHG’s new strategic initiatives focused on continuing to expand its footprint in the fast-growing USD 60 bn luxury segment.
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MakeMyTrip had delisted OYO from its platform couple of years ago.
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"Our main purpose is to bring awareness of Prince Hotel in India" says Victor Osumi, Managing Executive Officer, Prince Hotels, Inc.
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