Travel Reservations - OrangeSmile Tours
Best destinations around the world - Travel Guide

Find the right hotel

Hotel Business News and Analytics
Important! This article is written by orangesmile.com editors and is protected by copyright law. The article can only be re-used with a direct link to www.orangesmile.com
All news:
 01 
 02 
 03 
 04 
 05 
 06 
 Latest 


Corinthia Hotel in London Awaits for Approval Due to Libyan Ownership

News Governments of many countries apply economic sanctions against the properties and funds that belong to the government of Libya. This has touched Corinthia hotel in London that should be opened in the nearest future. As this property is partially owned by the Libyan investor, it now needs to get an approval from the UK government in order to open.

35% of the hotel is owned by Arab Foreign Investment Co. This company is controlled by the Libyan state, so the hotel is subject to sanctions from the side of the United States and the European Union. The 294-key luxurious hotel in London is scheduled for opening in the end of this month, however, to do this it must get the permission. UK government has assured that the hotel will be allowed to operate normally.

The rest of the hotel is owned by Nakheel Hotel and International Hotel Investments. Corinthia Hotel London should be opened already in the end of March. According to The Guardian the delay is not caused by the economic sanctions.



Previous article / Back to news index

Stay in touch with the latest news of a worldwide hotel industry. All up-to-date analytics, news, and reports about hotel business trends on OrangeSmile.com.

Our travel services
 Car Rental
Car Hire Worldwide
 News in languages
English 
Deutsch 
Nederlands 
French 
Russian
 Top 20 destinations
Aix-Provence
42 hotels
Bilbao
43 hotels
Chania
64 hotels
Garmisch-Par.
45 hotels
Izmir
52 hotels
Los Angeles
134 hotels
Muscat
46 hotels
Philadelphia
51 hotels
San Diego
109 hotels
Tenerife
240 hotels