Eurobelgian Sale Swells City Hotels' Profit
The net profit of City Hotels NV, owner of Belgian low-cost startup CityBird, surged from 20.8 million Belgian francs (about US$600,000) in 1995 to BEF729 million ($20.8 million) last year, mainly from the BEF789 million ($22.5 million) sale of the company's original new entrant, two- year-old...
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