Originally Posted by
scented
North Island is joining Marriott's The Luxury Collection with management taken over by Asmallworld.
Is it April 1 already?
Asmallworld is an online community targeted at the wealthy ("facebook for millionaires"), with no prior experience in hotel management. It's basically a penny stock, and was under investigation for market manipulation by the German financial market authority last year (
https://www.bafin.de/SharedDocs/Vero...RLD_AG_en.html). Its founder can be seen regularly cruising through Zurich in his blue-white Rolls-Royce (
https://www.autogespot.co.uk/rolls-r...ith/2017/12/23) and is the subject of much ridicule in Swiss business circles.
Do we know who owns North Island?