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Kempinski in Talks to Buy or Manage Europe Luxury Hotels

Luxury-hotel operator Kempinski AG is in talks to manage or buy properties in Barcelona, Paris and Nice, France, as it seeks to expand its European business.

The Geneva-based company is in advanced negotiations with owners of the three hotels, Chief Operating Officer Duncan O’Rourke said yesterday. The deals should be completed by early next year, he said, declining to identify the properties.