Istithmar Hotels has signed an agreement with easyHotel Limited to open a chain of budget hotels across the Middle East, North Africa, India and Pakistan. The alliance plans to open 38 hotels in total, including six in Dubai and eight in India. Eight hotels across the region will open by the end of 2007, with a further 18 operational by the end of 2008. [AMEInfo.com]
Posted April 30, 2006
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