Whitbread Expands In Mid-east
LONDON, UK, April 25, 2006. Whitbread has said it plans to expand its budget Premier Travel Inn hotel chain overseas, starting with an investment of $11.64 million in the Middle East.
"We have three sites already identified where we want to be on site this year, and the initial investment is 6.5 million pounds," Chief Executive Alan Parker told a conference call.
"That's on a leveraged joint venture with the Emirates Group, and we'll be judging the success of those first three sites," he added.
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