The InterContinental Moscow Going Up
Site of the Former Minsk Hotel, Located Close to the Kremlin
SINGAPORE, January 29, 2007. InterContinental Hotels Group (IHG) announced today the signing of the InterContinental Moscow, scheduled to open in 2010. The property is being developed by Rossiyskiy Kredit Bank and will be managed by IHG. The 205-room new-build hotel is located on the site of the former Minsk Hotel at 22 Tverskaya, close to the Kremlin, City Hall and Pushkin Square.
In 2003 Moscow authorities have decided that the Hotel built in 1963 does not meet current requirements.
"The signing of the InterContinental Moscow to our global portfolio reinforces the brand's pioneering heritage and renowned international reputation," said Jenifer Zeigler, Senior Vice President, Global Brand Management for the InterContinental Brand. "Russia is a key market for the brand and we are delighted to be working with Rossiyskiy Kredit Bank on this exciting project."
Parent company to the InterContinental Brand, IHG is currently established as the largest international hotel operator in the Russian Federation with four Holiday Inn hotels in Moscow for a total of 1,290 rooms. The company will further grow its distribution in St Petersburg with the openings of the Crowne Plaza St Petersburg in 2009 and the Holiday Inn Ligovsky Prospekt and Holiday Inn Moskovsky, both due to open in 2008. Additionally, the Holiday Inn brand will debut in the city of Samara in 2007 and the Crowne Plaza brand will also debut in Russia in 2007.
InterContinental Hotels Group PLC of the United Kingdom [LON:IHG, NYSE:IHG (ADRs)] is the world's largest hotel group by number of rooms.
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