Cathay parent looks to boutique hotels

Swire Pacific’s real estate division is planning to create a boutique hotel chain with properties in Europe and Asia.According to a report in the South China Morning Post newspaper, Swire Properties has one boutique hotel under construction in Guangzhou which could be run by the new chain, and is also looking at opportunities in major European cities.

Swire is the parent company of Hong Kong-based airline, Cathay Pacific.