Virgin Group Ltd, founded by U.K. tycoon Richard Branson, plans enter the hotel industry.
Virgin will spend as much as $500 million on high-end hotels aimed at “high income, well-educated, metropolitan ‘creative class'” customers, Bloomberg News said. The company is scouting for locations in cities including New York, San Francisco and Miami.
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Virgin Group to Enter Hotel Industry originally appeared on DailyFinance on Thu, 23 Sep 2010 07:39:00.
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