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Article: Giorgio Armani and Mohamed Ali Alabbar Sign 'Armani Hotels and Resorts' Agreement for International Collection of Luxury Hotels and Resorts.
- Article from:
- Business Wire
- Article date:
- May 31, 2005
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MILAN, Italy -- Following the signing of a Letter of Intent in 2004, Giorgio Armani S.p.A. and EMAAR Hotels & Resorts LLC are pleased to announce that their respective Chairmen, Mr. Giorgio Armani and Mr. Mohamed Ali Alabbar, have today executed the formal contractual agreement between the two companies for the development of a unique international collection of 'Armani Hotels and Resorts'.
Under the terms of the agreement, Giorgio Armani S.p.A. is awarding a long term license to EMAAR Hotel & Resorts LLC for the operation of a collection of luxury hotels and resorts, whereby EMAAR will be fully responsible for real estate, construction, management and ...