Leading Hotels eyes up Europe
13 August 2003 by Louise Bozec
US-based hotels consortium Leading Hotels of the World wants to buy 16 hotels across Continental Europe through Leading Trust, a company it has created in partnership with New York-based real estate investment company Trinity Hotel Investors.
It has €1b (£705m) to spend over the next three years and is targeting France, Germany, Switzerland and Italy. Most of the hotels it is looking to buy are members of its consortium where the owners are looking to sell but want to maintain Leading's standards.
Leading Trust's first purchase was the Cadogan in London's Sloane Street.
Source: Caterer & Hotelkeeper magazine, 14 - 20 August 2003
