Bizwatch

London's hotel business is stomping

Checking In for A Recovery
The U.K. housing market is cooling off, but the hotel sector seems to be heating up. Saudi investor Prince Alwaleed bin Talal is in talks to buy London 's Savoy Hotel for at least $360 million. Ian Schrager has FOR SALE signs up at two London sites, the swanky Sanderson and the St. Martins Lane Hotel. Stelios Haji-Ioannou's easyGroup is launching a chain of no-frills easyHotels in early 2005. And Simon Woodroffe — the man behind the YO! Sushi conveyor-belt eateries — is opening Yotel, cramming luxury into tiny, 10-sq-m rooms, inspired by...

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