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Europe Daily Bulletin No. 7903

15 February 2001
Contents Publication in full By article 33 / 41
ECONOMIC INTERPENETRATION / (eu) hotels

As expected, the Italian luxury group BULGARI has announced the creation of a joint-venture with LUXURY GROUP, the luxury hotel division of the American group MARRIOTT INTERNATIONAL ($19 bn turnover in 2000, with 2,200 hotels in the world). The aim of the two partners is to develop a new international chain of "contemporary Italian-style" hotels representing an overall investment of $800 million by 2005. See yesterday's E.I..

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION