THE Peninsula group aims to expand to no more than 10 or 12 hotels from its existing base of six, according to group president Onno Poortier.
His statement on the ultimate size of the prestige group came as Mr Poortier and a team of general managers from the hotels met London reporters during a tour of Europe.
While it intended to concentrate on gateway cities in the Asia-Pacific region, the group said it intended to buy a European property soon.
Rumours have that it might try to take over the running of the old Hotel Meurice in the centre of Paris, part of the Ciga chain.
The Peninsula Group's parent company, Hongkong and Shanghai Hotels, showed a profit of HK$636 million last year, an increase of 18.2 per cent over 1993.
The group moved into the North American market in 1988, buying the Peninsula New York, and then the Beverley Hills Peninsula in 1991.
