Hotels

Whitbread Buys Out Emaar MGF

March 14- Whitbread Plc (WTB.LN), the UK based budget lodging chain, bought out its Indian joint venture partner Emaar MGF. Nearly three years ago the two companies partnered to build 80 Premier Inn hotels over a ten year period in India. The deal involved an investment of $600 million.  Emaar MGF is a joint venture between Dubai’s Emaar Properties and India’s MGF Development Ltd. 

A Premier Inn India official was quoted as saying Whitbread has trimmed down its plans for India and now plans to build fewer hotels in less towns than it had planned in 2007.  Whitbread Plc confirms that Premier Inn has completed the acquisition of the 50.1% stake it did not own in the joint venture with real estate developer Emaar MGF”.

 

More Hotels
Hilton’s ‘bleisure’ travel option – a new way to work and play
Family friendly hotels most popular for long weekends
Learn Emirati cooking at the Radisson Blu Hotel, Deira, Dubai
Latest Travel News
Emirates launches US$15 million campaign...
Six year old invited to try Etihad fligh...
Turkish Kebab Festival in Riyadh...
Featured Sights To See
Kok-tobe/Koktyube Recreational Area

Kok-tobe/Koktyube Recreational Area

Almaty, Kazakhstan

Address: Kök-Töbe (Green Hill) on the mountainside, southeastern suburb of Almaty A large recreational space on the foothills of the Zailysky Alatau Mountains, Kok Tobe has the perfect vantage points for observing the city at a distance, especially during the night time. Looking at the panoramic cityscape below you with all its glittering lights, with the winter winds howling in your ears while...

Tughluqabad

Tughluqabad

New Delhi, India

The immense and brutal fortifications of Tughluqabad are an impressive monument to the militarism of the Tughluqs, an antidote to any idea that the Delhi Sultans were merely effete builders of mosques and palaces. Nowadays, the only living things that visitors are likely to see at the vast, barren, sun-scorched site are goats, donkeys and the occasional archaeologist, although in the 14th century...

Azem Palace

Azem Palace

Damascus, Syria

This Palace was built in the 1740s by the Governor of Syria, Asad Pasha Al Azem. It incorporates the traditional architectural styles visible around the city of Damascus- that of striped stonework- alternately layered limestone and black asphalt. The interior is much more extravagant. The ceilings of the rooms are painted beautifully with intricate tile work on the floors and wood paneling on the ...

The Drottningholm Palace

The Drottningholm Palace

Stockholm, Sweden

This magnificent structure will make you gasp in wonder. Built by King Johan III, the palace was destroyed in a fire and was subsequently rebuilt. The interiors have over the years been improved upon. Many fine buildings are part of the palace complex including the Chinese Pavilion, the Court Theatre and the Castle Church. The Drottningholm Palace is now a Unesco World Heritage site. Free admis...