Courtyard Expands In Russia
Friday February 18th, 2011 - 7:27AM
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KAZAN, RUSSIA–Courtyard by Marriott has opened a 150-room hotel here, Russia’s sixth largest city.
The hotel, which Marriott will operate under a management agreement with Transstroibank, is the fourth Courtyard in Russia.
One of these is in Moscow. Marriott expects to open a second Courtyard in Moscow later this year.
Tags: Hospitality Ownership
The most recent NYU Conference, earlier this month proved, once and for all, that the lodging industry has finally turned the corner and happy days are, indeed, here again. While the economists and pundits all provided plenty of anecdotal evidence to bear that out in terms of supply and demand ratios, RevPAR projections, asset values and all the other metrics, that’s not what has me convinced.