Word: movenpick
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Dates: during 1990-1999
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...hotels. And not coincidentally, hotel values and returns are soaring, as the recent battle for ITT Corp. (Sheraton) has demonstrated. His goal is to create, with international partners, a web of four- and five-star hotels around the world. He currently owns 50% of the Fairmont group, 30% of Movenpick, a Swiss chain, and 25% of the upmarket Four Seasons chain. He is the sole owner of the deluxe George V in Paris and owns half of the Inn on the Park in London and the Plaza in New York, plus 17 other luxury hotels. His blueprint calls...
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