Booking Bets on Hotel Luxury
Aug 6th, 2008 | By WSJ.com: Real Estate | Category: News worldwide
Defying skeptics who warned that the market already was oversupplied, Horst Schulze recently opened an ultraluxury hotel in Düsseldorf, Germany. Confident that the global boom in luxury hotels will continue, he plans to open seven more Capella-brand hotels around the world in the next 10 months.