Swedish furniture giant IKEA plans to invest 1 000 000 000 euro into the hotel sector, opening at least 100 hotels in Europe, according to a company executive cited by a Swedish daily.
"We’ve been searching for property across Europe for a while and we’ll announce in a few weeks where we’ll open our own hotel", - Svenska Dagbladet quoted as saying Harald Mueller, the Ikea group executive in charge of the project.
The daily said Ikea plans to open "at least 100 hotels" in Germany, Belgium, Britain, the Netherlands and the Baltic states.
Source: http://www.balkans.com/open-news.php?uniquenumber=154091