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IHG (InterContinental Hotels Group) and Crocus Group have signed a deal to build the world's biggest Holiday Inn hotel in Moscow, with an investment of more than $100m from Crocus Group.
Under the historic 20 year management contract, construction is scheduled to start on the 1,000 bedroom hotel in 2011 with the hotel set to open in 2014. It will be located in Crocus City in the rapidly developing Krasnogorsk area of Moscow.
There are seven IHG branded hotels open in Russia and a further 13 in the pipeline making IHG the largest international hotel operator in Russia.
This new Holiday Inn in Moscow will have meeting facilities occupying 2,500 square metres, three restaurants and a 1,200 square metre health club.
Source| hotelresource.com
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