The Rezidor Hotel Group, one of the fastest growing hotel groups worldwide and the leading international hotel operator in Russia, announces the Park Inn Voronezh. The property featuring 164 rooms is scheduled to open its doors in 2013.
The Rezidor Hotel Group, one of the fastest growing hotel companies worldwide and the leading international hotel operator in Russia/CIS, announces the Radisson Resort Rosa Khutor (180 rooms) and the Park Inn Resort Rosa Khutor (200 rooms) in Russia. Both properties are scheduled to welcome the first guests in Q4 2012.
Interstate Hotels & Resorts, the United States' largest independent hotel management company, today announced that it has opened and is managing the 366-room Renaissance Moscow Monarch Centre in Russia's capital city. The new-build hotel, which includes Moscow's largest dedicated conference center, is part of a mixed-use development built and owned by Monarch Open Joint Stock Company "Concern Monarch," one of the largest construction companies in Moscow.
Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt subsidiary and MKC-RosEvroDevelopment LLC signed a management agreement for Hyatt Regency Rostov – Don Plaza. The 220-room hotel in Rostov, Russia will be part of a larger complex located on Bolshaya Sadovaya Street, one of the main streets of Rostov-on-Don. This new international mixed-use development will also comprise of extensive conference facilities, a retail space, and a number of luxurious serviced apartments.
A continuing imbalance between supply and demand will characterize the Russian hotel market in 2010, writes MICHAEL O’HARE, Managing Director of HORWATH HTL HUNGARY & RUSSIA. In principle, that should mean that projects will go forward at a good pace. Yet many of the country’s structural obstacles stubbornly remain in place.
The Rezidor Hotel Group, one of the fastest growing hotel companies worldwide, announces the Park Inn Lipetsk in Russia. The new hotel featuring 237 rooms is under construction and scheduled to open its doors in 2012. "This hotel marked our 35th signing in 2009.
The Rezidor Hotel Group, one of the fastest growing hotel companies worldwide, announces the Park Inn Yaroslavl - the property with 150 guest rooms is scheduled to open in early 2013.
By: Cristina Balekjian and Saurabh Chawla. This market snapshot is the fourth in a series of articles that HVS is producing every month with STR Global data for a number of key markets. Our analysis for this market is based on a sample of more than 9,000 rooms, as provided by STR Global. We consider that in today's challenging market a regular update is more vital than ever in helping to address the changing market consitions and determine the best strategy for each hotel.
Swissôtel Krasnye Holmy is proud to announce the receipt of the award of the World Travel Association (WTA), one of the world’s comprehensive travel trade polls. For the third year in a row the hotel was voted “Russia’s Leading Hotel” and the trophy was accepted by Jan Chovanec, General Manager and Tamara Afonina, PR & Communications Manager.
As the 518-room Warsaw Marriott Hotel celebrates the 20th anniversary of its grand opening this month, Marriott International, Inc. (NYSE:MAR) heralds two decades of solid growth in the region by announcing the signing of two more hotel operating agreements. The two newly signed hotels bring the company's development pipeline in the region to 10 properties due to open through 2012.
Hilton Worldwide has today announced the signing of a management agreement with Otel LLC to open a Hilton Garden Inn hotel in Samara, Russia. Scheduled to open in 2012, the Hilton Garden Inn Samara will become the sixth Hilton property in the country, and the second to join the award winning mid-market brand.
Moscow and St. Petersburg, the two Russian cities tracked by STR Global, the leading provider of market data to the world’s hotel industry, reported revenue per available room (RevPAR) declines for the first eight months of 2009. The increasing supply within both cities coupled with declining demand resulted in occupancy and average daily rate declines.
The Russia & CIS Hotel Investment Conference (RHIC) reveals a new session added to the 2009 conference program that will discuss the pros and cons of real estate development at Russia’s leading airports. Held Monday 26 October at 14:15 -15:15, the session will examine possible opportunities presented by the planned real estate developments at Russia’s leading airports and how comparable it could be to the success of other gateway cities around the globe.
Perfectly located in one of the major business district of Moscow, 5 minutes by metro to the historic City Centre (Kremlin, Red Square, Bolshoy Theatre), the new ibis Moscow Paveletskaya expands a worldwide reputation offering all the major services of a modern hotel for the best local market value. 10 minutes walking distance to International airport Domodedovo Express Train makes ibis Moscow Paveletskaya the ideal place both for business and leisure tourists.
Wyndham Hotel Group, the world’s largest hotel company with more than 7,000 hotels under 11 brands, today announced the continued expansion of its Ramada® hotel chain with the opening the brand’s first hotel in Russia: the 156-room Ramada Yekaterinburg.
Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) today announces the debut of its renowned The Luxury Collection brand in Russia, with the joining of Hotel National, A Luxury Collection Hotel. Following the first phase of a significant renovation to the hotel’s guest rooms and public spaces, the iconic Moscow hotel has joined The Luxury Collection Hotels & Resorts, a glittering ensemble of more than 70 of the world’s finest hotels and resorts
In the current tough economic climate, a hearty breakfast could be just what's needed to keep your business on track. And for Moscow's top hoteliers, that's exactly what the Hospitality Ideas and Trends (HIT) Club is offering once a month - with bright ideas and networking opportunities taking top spot on the menu alongside a tasty meal. Hosted at a range of the city's biggest hotels - venues so far have included the Ararat Park Hyatt, the Swissotel at Krasnye Holmy and the Ritz Carlton - the events have brought together leading staff from across the hospitality sector.
Kennedy Training Network (KTN) USA, the hotel industry’s best source for training in the topic areas of reservations sales, front desk hospitality/guest service excellence, and revenue optimization, and Big Tree Hospitality Training Company, provider of training, mystery guest and mystery call programs for hotels in Russia and the CIS, announced today the official signing of an alliance partnership agreement to develop and market training services in the Russian & the CIS Markets.
For much of the last decade, international institutional and private investors were begging the Russian real estate industry for attention. Land was scarce, acquisition opportunities were dear and returns riding the highest wave. Russia went down with everyone else a victim of economic difficulties, as did the oil prices. However, the Russian government speculates that the country’s budget was built on ultra-conservative predictions of $40 per barrel of oil; it is now at about $60 per barrel and stable, but the country’s economy is nowhere near the safe haven the government had hopes for. Prompted by a recent report by the World Economic Forum (WEF) on the Travel & Tourism Competitiveness of various markets in the world, HVS Executive Search decided to take a look at how competitive Russia remains for investment in its hotel real estate for market entry by hotel brands, and for further development in it.
The Rezidor Hotel Group, one of the fastest growing hotel companies worldwide, proudly announces the Radisson Royal Hotel, Moscow. Presently known as “Hotel Ukraina”, Rezidor’s new flagship in the Russian capital is one of the city’s most famous landmarks. Currently under extensive renovation, the new Radisson Royal Hotel featuring 507 guest rooms and 38 serviced apartments is scheduled to open its doors on December 1st 2009.