The Eagle Eyes a Bigger Nest
The News Review:
- The Eagle Eyes a Bigger Nest
- Carlson Hotels Worldwide Names Bjorn Gullaksen to Lead Regent Luxury…
- General Suharto
The Eagle Eyes a Bigger Nest
Forbes – Jan 28, 2008
Since then he’s been pushing ahead with ambitious plans to bolster the property developer’s modest hotel business. The company is investing $1 billion in its Langham brand which is already in such markets as Hong Kong Melbourne and Boston. It expects to have 50 hotels in place by the end of 2012 compared with 11 today. Half of those will likely be owned by Great Eagle and the rest managed by the group. The majority of the new hotels will be in mainland China which is a new market for the brand. Still some say Lo is too small to make it worth the effort particularly in China. “They don’t have the capital to compete” with bigger names like Marriott or Accor says Nicole Wong who follows Great Eagle’s stock at emerging markets brokerage CLSA in Hong Kong… It expects to have 50 hotels in place by the end of 2012 compared with 11 today. Half of those will likely be owned by Great Eagle and the rest managed by the group. The majority of the new hotels will be in mainland China which is a new market for the brand. Still some say Lo is too small to make it worth the effort particularly in China. “They don’t have the capital to compete” with bigger names like Marriott or Accor says Nicole Wong who follows Great Eagle’s stock at emerging markets brokerage CLSA in Hong Kong. He will certainly have his work cut out for him competing with brands already there and ones still to come. The Ritz-Carlton has opened or has in the works seven hotels in mainland China.
Carlson Hotels Worldwide Names Bjorn Gullaksen to Lead Regent Luxury…
Free with registration – PR Newswire – AccessMyLibrary.com – Jan 28, 2008
Carlson Hotels Worldwide Names Bjorn Gullaksen to Lead Regent Luxury Group. (28-JAN-08) PR Newswire.
General Suharto
Telegraph.co.uk – Jan 28, 2008
Suharto survived these scandals and succeeded in setting Pertamina on a more acceptable footing. Moreover when the oil boom burst in the mid-1980s his efforts to build up manufacturing industry left Indonesia apparently in a good position with the help of massive Western investment to emulate the so-called tiger economies such as South Korea. In foreign affairs Suharto made common cause with Indonesia’s anti-Communist neighbours — Brunei Malaysia the Philippines Singapore and Thailand — in the Association of South-East Asian Nations (ASEAN) as well as with Japan and such Western countries as were willing to supply aid loans and investment. Yet although the United States poured more money into Indonesia than into any other member of ASEAN Suharto maintained a notably independent stance towards America. In 1990 as though determined to show that it was not wholly committed to the West Indonesia resumed diplomatic relations with China which had been suspended since 1967. Suharto however had made a serious mistake in 1975 when he took advantage of civil war in East Timor to overthrow the forces of the dominant Fretelin guerrilla movement. In the face of widespread international disapproval he proceeded to annex the country to Indonesia… His wife Tien was now known as “Mrs Tien Per Cent”. His children accumulated billions of dollars through their interests in telecommunications hotels cars and other businesses. “You arrive at an airport owned by Suharto’s son” wrote one journalist “you go to town in a taxi owned by his daughter paying a road toll to another son and find your hotel is owned by another member of the family. ” In 1993 with Suharto’s fifth term of office about to end there were murmurings that the time for a change was near. In 1990 there had been signs of discontent not merely among students but also more seriously for the dictator in the army. Yet when General Murdani head of the armed forces suggested in private that the business activities of the Suharto family should be restrained he was dismissed without any repercussions for the President. It seemed that Suharto’s hold on Indonesia was so deeply entrenched that he could weather any storm.
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