IHG Signs First Internationally Branded Hotel in Stavropol, Russia
Tuesday April 15th, 2014 - 9:58AM BP
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STAVROPOL, RUSSIA—IHG has signed Holiday Inn Stavropol, the first internationally branded hotel in the city. IHG will manage the hotel on behalf of new owner Metropolia 26 LLC.
Set to open in 2017, the 242-room newly constructed hotel will feature the Holiday Inn brand’s signature Open Lobby with a dining area, media lounge and bar as well as meeting facilities including five meeting rooms and a ballroom.
The hotel will be part of a multi-development project in an area close to the city’s cultural hub. It is anticipated the hotel will meet increasing hospitality demand from the area’s surrounding corporate business. Robert Shepherd, IHG’s chief development officer for Europe, said: “We’re excited and particularly proud to be the first international hotel chain to develop in Stavropol. We’re also delighted to be working with Metropolia for the first time. Russia is a priority market for us and this signing is another step forward for the Holiday Inn brand there.”
IHG recently signed a management agreement with new owner LLC “UK Platinum” to open Holiday Inn St Petersburg – Kremenchugskaya. The 170-room hotel due to open in 2017 is located close to the Moskovsky railway station, the city's main connection to Moscow.
Tags: IHG • Hospitality • Brands • Openings •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.