Word: istithmar
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Dates: during 2007-2007
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...open a second hotel and is already scouring the globe for suitable locations. There's already an easyHotel franchise in Basel; two more London branches are set to open this summer, followed by others in Luton, England, and Budapest. EasyHotel has also inked a deal with Dubai's Istithmar Hotels to open another 38 in the Middle East, North Africa and Asia. Meanwhile, a third Yotel may open as soon as year-end at Amsterdam's Schiphol Airport. Kuwait's IFA Hotels and Resorts, which is providing financial backing for the Yotels, "wants to expand very, very fast around...
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