Louvre Hotels, owned by U.S. investment group Starwood Capital, said on Wednesday it planned to open 80 new hotels in 2011, mostly in Europe and Asia. Louvre Hotels, the world's eighth-largest hotelier, also said in a statement it would raise funds to finance its expansion in India over the next five years but did not provide further details. "India is the Louvre Hotels Group's priority country in 2011," the statement said. Louvre Hotels already operates 6 hotels in the fast-growing Indian market and has plans to open about 15 new hotels per year in the country over the next 5 years.
Source
