Marriott and Ikea plot hotel chain

Marriott International has moved into the economy hotel market, teaming up with IKEA’s real estate arm to launch a new European chain for travellers seeking style on a budget. The first so-called Moxy hotel is due to open in Milan in early 2014 and rooms will be priced at €60-€85. Marriott said it was aiming for 150 of the hotels in Europe over the next 10 years in countries including the UK, Germany and Sweden.

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