Thursday, June 14, 2007

UPDATE 1-Marriott to create new hotel brand

(Reuters) - Marriott, which manages nearly 2,900 hotels under brands
including Fairfield Inn and Ritz-Carlton, is partnering on the
as-yet-unnamed brand with Ian Schrager. The style entrepreneur
made his name in the late 1970s by creating the famed Studio 54
nightclub with the late Steve Rubell.




Marriott and Schrager aim to have five development deals
signed by the end of year and are seeking to open 100 hotels in
10 years.


Read more at Reuters.com Bonds News

No comments: