Sign in or Register
 
 
Register today to receive each issue absolutely FREE!
CMW hears from global associations about how best to handle the impact the...
More
The director of Reed's giant EIBTM MICE event in Barcelona, Graeme...
More
CMW catches up with Pacific World and finds the newly-expanded company has...
More


Exhibition World Issue 77
Issue 77
Supplement: Basque Country
Supplement: Turkey
ASCOTT ADDS THE CAVENDISH HOTEL TO ITS LONDON PORTFOLIO
posted on: 6/8/2012 09:33:35
Cavendish hotel london

EUROPE - The Ascott Limited has acquired The Cavendish Hotel in London for £158.8m, continuing its strategy of investment in key growth regions such as Asia and Europe.

Ascott will manage the 230-room hotel from the fourth quarter of 2012 and plans to transform the property into a serviced residence under the Ascott The Residence brand, renaming it Ascott St James London.

The acquisition of The Cavendish London increases Ascott's central London portfolio to seven properties.

"London is one of the strongest and most resilient hospitality markets where demand from business and leisure travellers for international-serviced residences continues to grow," says Ascott's CEO, Chong Kee Hiong. "This is an attractive opportunity to acquire a quality operating property which is strategically located in the Mayfair area.

"The acquisition of The Cavendish London is in line with our strategy to seek investment in key growth cities in Asia and Europe."

Business travellers can take advantage of five meeting rooms offering carbon-neutral meeting package options and a business centre equipped with Apple iMac computers. Wireless internet connection is available throughout the property.

Do you have a news story for CMW? Email: zvernor@mashmedia.net

Print:
Email:
Share article:
COMMENTS
Would you like to Leave a Comment?
LATEST NEWS
CIRCDATA TO OPEN NEW OFFICE IN DUBAI
posted on: 20/10/2014 10:32:03
ASIA - Event registration and data solutions provider Circdata has expanded its global portfolio with the opening of a new office in Dubai.

ADNEC AND MCI TO STRENGTHEN PARTNERSHIP
posted on: 20/10/2014 10:29:54
ASIA - Senior officials from the Abu Dhabi National Exhibitions Company (ADNEC) and senior executives from MCI are working to co-develop strategies that support the growth of Abu Dhabi as a global destination for MICE events.

WTM SEMINAR TO EXPLORE TAXING ISSUE
posted on: 20/10/2014 09:32:58
WORLD - World Travel Market, which takes place next month in London, is to explore the importance of the duty free and travel retail market in a key session on 5 November.

AMERICAS - IMEX Chairman Ray Bloom has declared the fourth edition of IMEX America held this week at Sands Expo, Las Vegas, to be the biggest to date with growth in all areas.

ITALY GETS NATIONAL BUREAU
posted on: 17/10/2014 10:39:27
EUROPE - Leading Italian MICE organisations have joined together with the national tourist office to form a new 'Convention Bureau Italia'.