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Kempinski to open hotel in Bruges
Kempinski reached an agreement with Royal Center, a subsidiary of the P&V insurance group, after Royal Center bought the former historic Prinsenhof castle. P&V is investing 25 million euro in the project.
Founded in 1887, Kempinski is the oldest five-star hotel chain in the world and has hotels in cities that include Budapest, Cairo, Istanbul, Peking, St Petersburg and St Moritz. The company, based in Germany, is now owned by the Thai firm Siam Sindhorn Company.