Carlson Hotels Worldwide poised to accelerate growth in Asia

Daily news, 11 Oct 2007: HONG KONG – Carlson Hotels Worldwide – Asia Pacific announced a major strategic alliance with the Lotus Hotel Investment Fund, a new USD1 billion private equity fund which is being set up to target hotel development opportunities in high-growth markets across the region including China, India, Thailand and Vietnam.The alliance, which was announced jointly by Martin Rinck, president and managing director of Carlson Hotels Worldwide - Asia Pacific and Arun Amarsi, CEO of London-based Lotus Hotel Investment Fund, will take advantage of surging demand for world-class hotels in the major business and leisure markets across Asia. The alliance will focus primarily on strategic development opportunities in China and India, along with other key growth markets in the region.

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