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Booking Bets on Hotel Luxury

6 August, 2008 (12:45) | Successes, WallStreet Journal | By: WSJ.com: Real Estate

Defying skeptics who warned that the market already was oversupplied, Horst Schulze recently opened an ultraluxury hotel in Düsseldorf, Germany. Confident that the global boom in luxury hotels will continue, he plans to open seven more Capella-brand hotels around the world in the next 10 months.