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Peninsula chief finds patience pays

Hong Kong hotelier talks of pioneering roots, waiting for prime locations

The Peninsula Hong Kong opened its doors in 1928.

HONG KONG The Hongkong and Shanghai Hotels, operator of the luxury Peninsula chain, has made a big name for itself with a relatively small set of properties.

Its current hotel count -- 10 -- pales in comparison to those of fellow Hong Kong-born groups Shangri-La Asia and Mandarin Oriental International, but what it lacks in size it makes up for in per-room earning power. It is also on an expansion kick: New Peninsulas are in the works in London, Istanbul and Yangon.

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