October 8, 2012 - Langham
Hospitality Group (LHG) announces the signing of a
Sales and Purchase Agreement between Great Eagle Group, parent company
of LHG
and 400 Fifth Realty LLC which is owned by Bi&Di Real Estate SpA –
incorporated in Varese, Italy – to acquire The Setai Fifth Avenue hotel
located
at 400 Fifth Avenue in midtown Manhattan, New York. The hotel is
scheduled to
join the Langham portfolio in January 2013.
To be rebranded as Langham Place, the hotel
will epitomise luxury living in the
21st century in Manhattan, New York with its contemporary
accommodation,
stylish design and stimulating art. The hotel's modern and elegant
design is a
perfect fit with the Langham Place brand and provides a great
opportunity for
the Group to introduce our sense of stimulating hospitality to New York.
This strategic purchase signals the Group's plans for long-term
expansion in
key gateway cities in the United States. Currently, The Langham hotels
are
located in Boston, Pasadena Los Angeles, and Chicago (opening Third
Quarter of
2013).
About Langham Hospitality Group
Langham
Hospitality Group
encompasses a family of distinctive hospitality brands which include
hotels,
resorts, residential serviced apartments, restaurants and spas, located
on four
continents.
It takes its name from the legendary Langham in London which was opened
in 1865 as
Europe's first Grand Hotel. For almost 150 years, this flagship hotel
has
represented sophisticated and gracious hospitality, a philosophy that
reflects
elegance in design, innovation in hospitality, genuine service and
captivation
of the senses across all properties.
The brands include the luxurious Langham and Langham Place, the upscale
Eaton
Luxe, midscale Eaton Smart and the award-winning Chuan Spa.
The Langham is where guests can enjoy service with poise and be
enchanted by
our innovation and traditions while Langham Place, the fun sibling of
The
Langham, is about living the 21st century through design, technology
and
attitude, epitomising stimulating hospitality.
Eaton, a premium member brand, aims to surprise and delight our guests
with a value-for-money
proposition that delivers a stylish, modern level of comfort with
spirited,
can-do service.
Currently 28 member hotels are open or in the pipeline across four
continents.
Langham Hospitality Group is a wholly-owned subsidiary of Great Eagle
Holdings
(Stock Code: 0041) which was founded in 1963 and listed on the Hong
Kong Stock
Exchange in 1972.
Reservations for either Langham or Eaton properties can be made by
logging onto
langhamhospitalitygroup.com