Thomas Cook to grow own-branded hotel portfolio
London/Frankfurt – 26 September 2017 –
Tour operator Thomas Cook has formed a strategic partnership with LMEY Investments to grow its own-brand hotel portfolio.
As part of the deal, Thomas Cook acquired a 42 percent stake in Aldiana, a German tour operator and hotel management firm, from the Swiss-based hotel development company, Reuters reported.
Thomas Cook chief executive Peter Fankhauser said the acquisition was a significant step in the firm’s strategy to expand its range of own-brand hotels. “The development of a strong portfolio of own-brand hotels is absolutely key to our … Read More