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Hotel chain Orea wants to expand to Austria, Italy, Bulgaria.

Europe Intelligence Wire

| August 01, 2004 | COPYRIGHT 2004 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Czech News Agency)

PRAGUE, Aug 1 (CTK) - The largest Czech hotel chain Orea plans to expand to foreign markets, mainly Austria, Italy and Bulgaria, and wants to take a loan to finance its plans, weekly Euro says in its latest issue coming out on Monday.

In order to boost its credibility, the limited-liability company will be transformed into two joint-stock firms Orea Hotels and VN 17 as of September.

The move should secure better and easier access to ...

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