LANGHAM HOSPITALITY GROUP ANNOUNCES PURCHASE OF LANDMARK PROPERTY IN NEW YORK
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