Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

Langham Hotels to spend £612m on adding 13 new hotels to estate

25 September 2009 by
Langham Hotels to spend £612m on adding 13 new hotels to estate

Luxury hotel group Langham Hotels is spending £612m on expanding its portfolio by a further 13 properties over the next few years.

The Hong Kong-based group which manages the Langham London is set to expand in the Asia Pacific region, including Thailand and major gateway cities such as Singapore, Sydney and Tokyo as well as the Middle East, and intends to invest US$1b (£612m).

The European market is also on the radar with Memorandums of Understanding signed for a hotel in Liverpool and a Conference & Spa Resort in France.

The group's latest signed management agreement for a 224-bedroom Langham Place, Resort & Spa, Port St George, Bahamas, has more than doubled the number of properties which are open or in development from 10 to 21 in the last 12 months.

Memorandums of Understanding have also been signed on 13 other properties, which will take the number of the rooms in the properties portfolio from 3,577 to more than10,000 rooms in 34 locations from the UK to the US and New Zealand to South Korea.

In a release today, the company said it was "bullish" about the future and has adopted a three-tiered growth strategy made up of management contracts, partial ownership and management and full ownership.

Brett Butcher, chief executive officer of Langham Hotels International said: "Building or acquiring hotels during a recession is a sensible investment strategy. The construction costs are lower and it allows us to bring new product to the market when it recovers.

"We have weathered the global economic downturn well, helped by a portfolio which is strong in robust markets in Asia and marketing tactically in parts of the world which have been worse affected."

Langham sets sights on rapid international expansion >>

Langham to open Phuket's first branded boutique hotel >>

Rawi Warin Resort & Spa, Bangkok >>

Langham opens first hotel in California and other international hotel news >>

By Gemma Sharkey

E-mail your comments to Gemma Sharkey here.

If you have something to say on this story or anything else join the debate at Table Talk - Caterer's new networking forum. Go to www.caterersearch.com/tabletalk

Caterersearch.com jobs
Looking for a new job? Find your next hotel job here with Caterersearch.com jobs

Blogs on Caterersearch.com](http://www.caterersearch.com/blogs) Catch up with more news and gossip on all Caterer's blogs
[Newsletters For the latest hospitality news, sign up for our e-mail newsletters.
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking