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Rezidor to Open the 122-room Park Inn by Radisson Odintsovo Greater Moscow in Russia in Q3 2012

Rezidor, one of the fastest growing hotel companies worldwide and a member of the Carlson Rezidor Hotel Group, announces the Park Inn by Radisson Odintsovo Greater Moscow. The property featuring 122 rooms is scheduled to open in Q3 2012."Russia and its capital city Moscow are a key development market for our dynamic mid-market brand Park Inn by Radisson. Our brand portfolio in the country now comprises 25 hotels with 6,300 rooms in operation or under development, and we are looking forward to further strengthening our Park Inn by Radisson footprint in Russia", said Kurt Ritter, President & CEO of Rezidor.

Radisson Hotel Group

Moscow, Russian Federation

Swissôtel Hotels & Resorts To Open New Deluxe Hotel In Kazan, Russia: Swissôtel Riviera Tower Kazan

Swissôtel Hotels & Resorts and Riviera Tower Limited Liability Company have signed a management contract for a new deluxe hotel in Russia. The Kazan property will help the international hotel group with Swiss roots reinforce its footing in the Eastern European market and is scheduled to open in 2016.

Swissôtel

Kazan, Russian Federation

Accor accelerates its expansion in Russia | Launch of the Mercure brand in Russia

Today, Mercure, Accor's brand of midscale hotels with individual styles and personalities, celebrated the opening of its first hotel in Russia, the Mercure Arbat Moscow. The hotel, which is owned by ARD, is operated by Accor under a management contract.

Accor

Moscow, Russian Federation

Russia in the spotlight

Russian hotel construction progresses at a rapid pace. During the next three years 127 new first class and luxury hotel will open their doors. Hotel investors are thereby focusing primarily on the Russian capital Moscow (17 hotel projects) and Sochi (19 projects), where the 22nd Winter Olympics in February 2014 are going to take place. This has been derived from a data analysis by TOPHOTELPROJECTS, the leading permanent research service and online database for international hotel construction and development data (www.tophotelprojects.com).

TOPHOTELPROJECTS

Moscow, Russian Federation

Hospitality Industry Trends | The Moscow Times

The hospitality industry, traditionally more focused on the physical product, is waking up to a consumer who is demanding consistent delivery of the brand promise and, in the upscale to luxury segments, will define a successful brand as much as the finer points of the product design.

The Moscow Times

Russian Federation

Hotels in Russia, The CIS and Georgia Trends & Opportunities

The scope of this publication is to assess current trends and future opportunities for the hotel industry in Russia, the CIS and Georgia. This publication briefly discusses the tourism industry and economy overview of Russia, the CIS and Georgia, and looks at the yearend results of hotels' operating performances across the region. This publication is released to complement our existing Hotel Valuation Index which covers hotel value trends in the same markets across the region.

By Tatiana Veller

Russian Federation

Russia Catches Up With Luxury Hotels

Demand is high: Russia continuous to build new first class and luxury hotels. Currently there are 159 hotel projects with a total of 49,000 rooms on their way. This makes Russia the third largest hotel construction and development market in Europe. Top of the hotel project charts is Germany with 282 first class and luxury hotel construction and development projects, followed in second place by the United Kingdom with 187 new top hotels.

TOPHOTELPROJECTS

Moscow, Russian Federation

Hotel industry rediscovers Russia – nearly 160 new upcoming hotels

Investors are focusing more and more on the East: Russia is the new Eldorado for hotel investors and operators. Putin's empire counts 159 new large hotels under current construction or development with a total of 49,700 rooms. 28 of those alone in Moscow. 25 new hotels are being built in Sochi in Southern Russia until the Winter Olympics 2014. These findings have been derived from TOPHOTELPROJECTS, the leading information service for international hotel construction and development projects. The latest project is the Hyatt Regency Moscow (TOPHOTELPROJECTS Nr. 13366). This lifestyle business hotel with 297 rooms (including 40 suites) and 56 luxury apartments will open in 2015 next to Moscow's Dynamo stadium.

The latest Hyatt hotel project is just one out of four projects in total. Furthermore there are development plans and construction works for the Hyatt Regency Sochi, Hyatt Regency Wladiwostok (Golden Horn) and the Hyatt Regency Wladiwostok (Bury). Hyatt Regency plans to open 30 new properties in China, India, Mongolia, Russia and the Middle East. Worldwide there are currently 149 Hyatt Hotels under operation. The Hyatt Hotels Corp. is currently present in Russia with the Ararat Park Hyatt Moscow and the Hyatt Regency Yekaterinburg.

Europe's VIP among the Grand Hotels, kempinski, has also set his eyes on China as well as the Russian hotel market. Eight new top hotels with more than 2,200 rooms are currently under construction, two of them in the Russian capital. The largest hotel construction project is the Kempinksi Chernomoritz Park Spa Hotel in Sochi (TOPHOTELPROJECTS Nr. 9763) with 664 rooms. The opening is scheduled for early 2014.

The InterContinental Hotels Group (IHG) also steps on the gas with seven hotel construction projects in Russia. Its major project Holiday Inn Crocus City (TOPHOTELPROJECTS Nr. 5639) with 1,000 rooms will open in two years.

The continuously growing Carlson Rezidor Hotel Group even has 23 new building projects with nearly 5,000 rooms under way in Russia. Three of those will be operated under by the brands Radisson and Park Inn by Radisson in the Olympic holiday destination Sochi.

The Starwood hotel corporation banks on six new hotels in Russia. One of them is the 333-room Sheraton at Moscow's international airport Sheretmetyevo (TOPHOTELPROJECTS Nr. 12001). The opening is projected for early 2014.

TOPHOTELPROJECTS: The online database offers more than 4,700 top hotel projects (only first class and luxury hotels) with full project data and contact persons. Every month we add 150 new hotel projects on average and several hundred will be updated. Subscribers of TOPHOTELPROJECTS are leading furnishers and suppliers from the top hospitality. Besides the database for hotel construction project, we operate a database with profiles of all important hotel chains worldwide: TOPHOTELCHAINS offers detailed information regarding all major hotel brands.

Further informationen:www.tophotelprojects.comwww.tophotelchains.com

3,290 strokes (including blanks)

Contact:Christian Berke, [email protected]TOPHOTELPROJECTS GmbHBahnhofstr. 6, 27383 Scheeßel (near Hamburg)Tel. +49 (0)4263 98098-0, Fax +49 (0)4263 98098-50

Press service:Carsten Hennig, [email protected]Tel. +49 (0)4263 98098-15, Mobile +49 (0)160 958 377 56

TOPHOTELPROJECTS

Moscow, Russian Federation

Russia’s Comfitel Hotel Group Joins Global Hotel Exchange

Worldwide travelers will find some of the finest hotels in the world faster and easier when Global Hotel Exchange (GHX) premieres a set of industry-defining customer-first features this April. The company revealed today signing up the Comfitel Hotel Group, a chain of five hotels in the business and historical part of the city, close to the main areas of interest for both business and leisure travelers. These hotels provide comfortable and cozy rooms in the center of a megalopolis, with excellent value for the customer, attentive service, and friendly staff.

Magnuson Woldwide

Russian Federation

Russia Identified As One Of The Key Hotel Markets In 2012

Russia was today identified as one of the key markets for growth in the hotel sector for 2012 in a plenary session at the prestigious International Hotel Investment Forum In Berlin. Top industry experts that included Michael O’Hare, Managing Director for Horwath HTL Russia, attended the session, entitled “Top predictions for 2012, where should you invest?” which looked at the global hotel performance and real estate markets, looking to see what regions showed strong potential for growth over the coming 12 months.

Horwath

Russian Federation

IHG signs InterContinental Hotel in St Petersburg

As InterContinental Hotels Group (IHG) today celebrated the InterContinental brand's return to Russia with an opening ceremony at the InterContinental Moscow Tverskaya, the company also signed a second InterContinental hotel in Russia.

IHG

St Petersburg, Russian Federation

Hotels Prices During Sochi Olympics to Be Capped at $160 to $240 | themoscowtimes.com

During the 2014 Winter Olympics in Sochi a three-star hotel room will cost $160 per night and a four-star room $240 per night, organizing committee president Dmitry Chernyshenko said Sunday, RIA-Novosti reported. He said these are below-market prices but that investors are "meeting [the government] halfway."

The Moscow Times

Sochi, Russian Federation

Marriott International to Open Three Hotels in Sochi, Russia

London – Marriott International (NYSE:MAR) announced today it will open three new hotels in Sochi, Russia, site of the 2014 Winter Olympic games, under franchise agreements negotiated through NBB Development CJSC. The three hotels will be managed by Interstate Management Services.The hotels are the:

Marriott

Sochi, Russian Federation

Courtyard by Marriott Moscow Paveletskaya Opens

Marriott International today opened the 171-room Courtyard by Marriott Moscow Paveletskaya. Centrally located in the heart of Moscow's business district and within a five-minute walk of Paveletskaya railway station, the hotel offers easy access to Domodedovo International airport. The Courtyard by Marriott Moscow Paveletskaya is Marriott International's sixth Courtyard in Russia.

Marriott

Moscow, Russian Federation

Rezidor announces the Radisson Blu Resort & Congress Hotel, Sochi / Russia

The Rezidor Hotel Group, one of the fastest growing hotel companies worldwide and the leading international hotel operator in Russia/CIS, announces the Radisson Blu Resort & Congress Hotel, Sochi. The property featuring 500 rooms is scheduled to open its doors in Q1 2013.

Radisson Hotel Group

Sochi, Russian Federation

Rezidor announces the Park Inn by Radisson Petrozavodsk, Russia

The Rezidor Hotel Group, one of the fastest growing hotel companies worldwide and the leading international hotel operator in Russia/CIS, announces the Park Inn by Radisson Petrozavodsk. The property featuring 180 rooms is scheduled to open in 2013. It is owned by Piter Concern. Park Inn by Radisson is a mid-market brand which offers reliability, personalized services and great value for money.

Radisson Hotel Group

Petrozavodsk, Russian Federation

CIS Countries Provide Opportunities for Investment, But Challenges Remain

Horwath HTL, the world’s largest hotel consulting network, hosted a panel discussion on understanding where the opportunities are for good investments outside of Russia, in the CIS. The session, part of the Russia and CIS Hotel Investment Conference was led by Marius Gomola, Managing Director of Horwath HTL Hungary and Russia and featured Vladimir V. Gorashchenko, President and CEO, Double W company Ltd, Anatoly Kondratenko, Director, Acquisitions and Development, Russia/CIS Starwood Hotels and Resorts Worldwide Inc., Aron Libinson, VP Development Russia and CIS, Intercontinental Hotels Group and Murat Yilmaz, VP Development, Dedeman Hotels and Resorts.

Horwath

Russian Federation

Russia, the CIS and Georgia Hotel Valuation Index 2011

HVS provides a guide though the peaks and troughs of the various hotel markets in Russia, the CIS and Georgia, giving lenders, investors and owners a clearer view of the region from a valuation perspective. Plummeting hotel performance and cloudy yet ever changing market conditions make hotel investment in Russia, the CIS and Georgia an exciting but potentially risky venture. In this publication, HVS provides a guide through the peaks and throughs of the various hotel markets, giving lenders, investors and owners a clearer view of the region from a valuation perspective.

HVS

Russian Federation