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Louvre Hotels to shop big in India with $100 million kitty

Louvre Hotels Group, Europe's No. 2 budget operator, will invest over $100 million (about Rs 600 crore) in the Indian hospitality space over the next three years, a top company executive said.
Louvre Hotels was recently acquired by Jin Jiang International Holdings, China's biggest hotel company, from US investment group Starwood Capital.