» Subscribe Today!
The Power of Information
Home
FORMERLY THE WESTVIEW | EST. NASHVILLE 1978
X

Forgot your password?
Skip Navigation LinksHome > Article
VOL. 37 | NO. 9 | Friday, March 01, 2013




Marriott to help Ikea launch budget hotels

Print | Front Page | Email this story

STOCKHOLM (AP) — Ikea says Marriott International Inc. will help it open its new budget hotels across western Europe during the next five years.

The Swedish company, which first announced last year that it will launch the hotel chain, said Tuesday that Marriott, the operator of luxury hotels across the world, will be its partner.

They will develop some 50 hotels with 150-300 rooms each in major cities. The first is scheduled to open in Milan, Italy, next year.

Peter Andrews, head of Inter Hospitality — part of Inter Ikea's property division — said the agreement allows the group "to build a high quality hotel property investment portfolio."

Ikea, the world's largest furniture retailer, already owns a handful of hotels. Marriott International has more than 3,700 properties in 74 countries and territories.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0