InterContinental Set to Develop Moscow Holiday Inn
Monday, 17/03/2008
InterContinental Hotels Group continues its Russian expansion with the announcement of the signing of another Moscow property, its seventh Holiday Inn in the city.
The new-build 240-room Holiday Inn Moscow Ryazanskiy ?developed by Silkton Ltd and expected to open in mid-2010- will be the 16th IHG hotel in the rapidly emerging Russian market.
Six are already open and the remaining 10 are in the development pipeline. As well as a total of nine hotels in Moscow and three under construction in St Petersburg, IHG has hotels signed in Samara, Rostov, Chelyabinsk and Novosibirsk.
IHG already has a very good penetration of the Moscow market, with almost 1,400 rooms already open in Moscow rising to more than 2,000 by 2010.
March 17, 2008
Posted in: Russia