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Six Continents records strong financial results

Author: Marina Spanou / Date: Fri, 10/26/2007 - 12:59

Improving its position, despite obvious trading difficulties, Six Continents Hotels, which owns, manages, leases or franchises hotels bearing leading hotel brands including...

Improving its position, despite obvious trading difficulties, Six Continents<.> Hotels, which owns, manages, leases or franchises hotels bearing leading hotel brands including Inter-Continental, Crowne Plaza, Holiday Inn, Holiday Inn Express, and other establishments in six continents, apparently recorded strong financial results and a resilient position for the future, despite difficult market conditions, according to a company announcement which was dispatched in late December.

According to the announcement, in the financial year ending September 30, 2001, Six Continents Hotels`, owners and managers of some 3,260 hotels and 514,000 guest rooms in nearly 100 countries and territories, global portfolio grew by 24,000 rooms to 514,000 rooms. The acquisition of the former Regent in Hong Kong, which is now the Hotel Inter-Continental Hong Kong, surely gave the five-star brand a high-profile flagship hotel in this key city and enhanced the company`s leading position in China. The second key purchase of the year was the acquisition of the 79-strong UK Posthouse chain from Compass Group PLC in April 2001.

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